718 N Weenonah Ave

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718 N Weenonah Ave

claremore, OK 74017
Asking Price
$1.80M
Asset Type
Multifamily
Class
Class B

What's Special

718 North Weenonah Avenue is situated in a residential pocket of Claremore, Oklahoma, located just blocks from the city’s historic downtown district. The property offers proximity to local dining, retail pharmacies, and essential services along the Route 66 corridor. Residents have straightforward access to Highway 88 and Interstate 44, facilitating commutes to the greater Tulsa metropolitan area. The immediate neighborhood is characterized by a mix of established single-family homes and small-scale multi-unit dwellings, providing a quiet, community-oriented atmosphere within walking distance of local parks and public schools. The asset is well-suited for a multifamily conversion or traditional long-term rental strategy. Given its location near Rogers State University and major area employers, the property typically attracts a tenant profile consisting of students, faculty, and local professionals seeking workforce housing. The layout and placement are ideal for those requiring a central base with low-maintenance living requirements. Additionally, the increasing demand for rental options in Rogers County supports the property's use as a primary residence for small households or individuals employed within Claremore’s growing industrial and healthcare sectors.

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NOI
$80,000
Cap Rate
4.44%
DSCR
0.75
Underwater
Cash-on-Cash
-4.98%
Monthly Payment
$8,905.418
Annual Cash Flow
$-26,865.015

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