Historic Renovated Bungalow and New Tiny Home on same lot in Oklahoma City

$470,000
4
3
1,950
sq. ft.
$241
per sq ft
Heated sq ft: 1,862 sq ft
Avg Nightly Rate: $355
Home Legally Sleeps: 10
Occupancy Rate: 50 weeks
Annual Gross Income : 48000
Annual Net Operating Income : 36900
Property Type: Other
Ownership Type: Full (100%)
Seasoned Short Term Rental: Yes
Furnishings Included: Yes
For Sale By: Owner
Seller Financing: No
Niche: Business Stay, City Life, Couples/Romance
New Construction: Yes
Days on Vrolio: 518

Property Description

House & ADU. Investment or Residence plus rental, or Private home with guest quarters The property consists of an historic craftsman bungalow built in 1913 (1419 sq ft), and recently renovated and updated. New roof, paint and hot water heater in 2020. Wiring and plumbing updated at same time. Sewer connection replaced from the house in 2022. Located one block West of the Plaza District. This light and cheery 3 bed, 2 bath bungalow has original hardwood floors, crown molding, glass knobs, and multiple built-ins. Great floorplan accentuated by 9-foot ceilings and large windows throughout. The master bedroom has an en-suite bath and plenty of closet space! Modernized kitchen has granite counters, an XL single basin stainless sink, gas range, sleek pulls, and light fixtures, yet it maintains historical integrity with handcrafted doorways and exposed brick chimney. Available turnkey: FULLY equipped, appointed and furnished, close to all the area hospitals and a short walk to restaurants and shops in the trendy Plaza District, this property makes an excellent short or mid-term rental. Can be used as a 2 bedroom with an office, or a three-bedroom. Pictures: https://classycabinsaz.com/vacation-rentals/plaza-bungalow/ The ADU adds 443 sq ft, and is a complete renovation of an existing garage/apartment built at or near the same time as the house. Ripped to the framing, and completely rebuilt as an independent tiny home, this house was fully permitted following a re-zoning exercise, and has its own "-B" address, it's own connection to water and electric and sewer. Also Turnkey, this luxuriously appointed gem, has 1 Bedroom, 1 Bathroom, Full Kitchen, Full Sized Laundry, and it's own fenced in yard with private patio. Pictures: https://classycabinsaz.com/vacation-rentals/the-hedgehog-house/

Presented by:
Owner:
Steve Sorenson
Classy Cabins AZ
Seller Financing
No
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 425
Low: 295
Peak: 500
Special Event: 500
Avarage: 355.00
Furniture Age
2
Est Value of Furnishings
$23,000
Peak & High Seasons
April, May, June, July, August, September, October
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
Looking to move the investment to a different area. We purchase, develop, renovate, furnish, then operationalize investments then move on.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
48000
Net Operating Income
36900
Stories
1
Additional Indoor Rooms
Detached In Law Suite, Family Room, Formal Dining Room, Living Room, Master Suite Down, Mud Room, Unfinished basement
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Gas appliances, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Wall Unit A/C, Wall Unit Heat
Floor Coverings
Carpet, Laminate Wood, Linoleum, Real Hardwood
Security
No
Security Description
Half Baths
Inquire
Master Suite(s)
Inquire
Energy Efficiency
Low flow faucets/toilets, Programmable thermostat
Year built
1920
Outdoor Features
Deck, Fenced/Gated Yard, Garden, Porch - Not screened
View
City
Backyard Exposure
South
Lot Size
6969 Sq.Ft.
Community Features
Tax Amount/Year
$2,500
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
No
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
10
Onsite Parking
Off street parking on driveway for 3-4 cars.
Neighborhood Association STR Rules
Inquire
Municipality STR Rules
Yes, Registration and variance required. Generally easy to obtain.
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$4.50
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
Yes
Established Rental History
2 Years
Occupancy Rate
50
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Owner, Manager
Managed By
Owner
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Yes
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
No
Manager Cancellation Policy
 
  •  
Credit Card Fee
Inquire
Cleaning Fee
$200.00
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
$500.00
Yard & Pest Control (Annual)
$600.00
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
$1,386.00
Water/Sewer (Annual)
$985.00
Cable/Interbet (Annual)
$831.00
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$2,500.00
Homeowner's Insurance (Annual)
$2,400.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
Inquire
Additional Membership Fees (Annual)
Inquire
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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