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$2,500,000
4.61± Acres
Active
Mayes County, OK
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2900 520, Pryor, Oklahoma

MLS ID: 2443767
Status: Active
Price: $2,500,000
Acres: 4.61±
Type: Apartment, Commercial
Address: 2900 520
City, State: Pryor, OK
County: Mayes County
ZIP Code: 74361
Lat/Long: 36.302767, -95.306842
Parcel Number: 0000 29 21 N 19 E 3 013 00
SqFt: 19,376
Year Built: 2018

Description

Discover a prime investment at 2900 W 520 Road, Pryor, Oklahoma: a meticulously maintained portfolio of eight duplexes (16 units) on a 4.6-acre lot, offering immediate income and future development potential.?

Fully Leased Units: Fifteen units leased with monthly rents from $1,375 to $1,645, ensuring a stable income stream.? Profitable Short-Term Rental: One unit operates as a VRBO, generating over $32,600 in 2024, with nightly rates of $189, reaching $499 during local events.?

High-Quality Construction: Built in 2018, each 3-bedroom, 2-bathroom unit features granite countertops, custom cabinetry, polished concrete floors, and a one-car garage.?

Expansion Potential: The expansive lot allows for constructing 5 to 7 additional duplexes.?

Proximity to Major Employers: Adjacent to the Mayes County Industrial Park (MAIP), one of the world's largest industrial parks, driving consistent housing demand.?

Recreational Amenities: Near Lake Hudson's 200+ miles of shoreline, offering boating and fishing opportunities, and close to walking trails and parks.?

Event-Driven Income: Capitalize on increased rental demand during local events like Rocklahoma and Born & Raised festivals, with short-term rental rates reaching $499 per night.?

1031 Exchange Investors: Seeking a turnkey, income-producing asset with minimal vacancies.?

Developers: Looking to expand and capitalize on the property's development potential.?

Short-Term Rental Operators: Aiming to leverage the thriving local event scene for premium rental rates.?

Financial Overview:

Current Monthly Income: Approximately $19,000 to $21,025 from long-term leases.?

Annual Short-Term Rental Income: Over $32,600 from the VRBO unit.?

Total Annual Income: Exceeds $284,900, with potential for growth through development and optimized rental strategies.?

Seize this rare opportunity to acquire a high-performing asset with immediate returns and future growth potential in a thriving Oklahoma community.

Directions: From Hwy 69 A and Hwy 69 go east on Hwy 69 A Approx. 1.5 miles Turn North, (left) on Elliott St or S430 Rd, go North 1 mile, Duplexes will be on the Right.

Additional Information

Interior

Building Area Total: 19,376
Cooling (Yes/no): Yes
Cooling: Central Air
Flooring: Carpet, Concrete
Garage (Yes/no): Yes
Garage Spaces: 1
Heating (Yes/no): Yes
Heating: Central, Electric, Heat Pump
Interior Features: High Ceilings, Internal Expansion, Other, Cable Tv, Ceiling Fans, Programmable Thermostat
Living Area Source: Public Records
Rooms Total: 112

Exterior

Electric: Volts220
Exterior Features: Lighting, Satellite Dish
Foundation Details: Slab
Frontage Length: 320
Lot Size Area: 5
Lot Size Square Feet: 200,811
Parking Features: Garage, One Car Garage, Paved, Two Or More Spaces
Roof: Composition
Stories: 1
Water Body Name: Hudson Lake
Water Source: Public
Waterfront Features: Boat Ramp Lift Access
Window Features: Insulated Windows

Financial/HOA/Schools

Days On Market: 109
Elementary School District: Pryor - Sch Dist (M1)
Middle School District: Pryor - Sch Dist (M1)
High School District: Pryor - Sch Dist (M1)
Subdivision Name: Mayes Co Unplatted
Tax Annual Amount: 22315
Zoning Description: Res-Nec

Extra Information

Documents Available: Aerial, Building Plans, Legal Description, Plat
Green Energy Efficient: Doors, Insulation, Windows
Green Indoor Air Quality: Ventilation

Maps

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Richard Senn

Richard Senn

Jenks, Oklahoma

(918) 600-7509

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of April 17, 2025 at 12:00:00 PM UTC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listed By: Kimm Kennon of Lakeland Real Estate Neok

1776 Land Company

1776 Land Company

918-571-4100 • 10880 South 49th West Avenue, Sapulpa, OK 74066

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Fathom Realty OK, LLC. | 24800 Chrisanta Dr. Mission Viejo, CA 47938 | (877) 704-1766 | Licensed in Oklahoma

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