812 West Main Street

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812 West Main Street

Edmond, OK 73003
Asking Price
$635K
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

What's Special

5-lot downtown Edmond infill · corner site · splash-pad frontage · $40K/yr carry <ul><li>​<strong>Five buildable lots, by right.</strong> Zone A allows immediate SFR development without rezoning. PUD / replat path open for six homes.</li><li>​<strong>Splash-pad frontage.</strong> Across from Barnett Field Splash Pad — irreplaceable park-adjacent location.</li><li>​<strong>$40,200 annual carry income.</strong> Three occupied month-to-month rentals offset entitlement, design, and demolition carry. ~6.3% gross yield at list.</li><li>​<strong>Strongest direct comp in same subdiv

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NOI
$80,000
Cap Rate
12.60%
DSCR
2.12
Strong
Cash-on-Cash
22.20%
Monthly Payment
$3,141.634
Annual Cash Flow
$42,300.398

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