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Property Description

Investor Special! Excellent opportunity to acquire a turnkey, income-producing property with immediate cash flow in place. The home is currently leased at $1,200 per month with 11 months remaining on a two-year lease, providing predictable income and reducing vacancy risk for the next owner. Existing tenancy allows for a smooth transition and immediate returns from day one.

This 3-bedroom, 1.5-bath residence sits on a desirable corner lot, offering added curb appeal and long-term value. The property has been freshly painted and is well maintained, helping minimize upfront capital expenditures. A functional floor plan and solid condition make this home attractive to long-term renters and easy to manage as part of an investment portfolio.

The location is a major asset, positioned near Ada Junior High School and Washington Grade School, which continues to support strong and consistent rental demand. The home is also within walking distance to downtown, providing tenants with convenient access to shopping, dining, and local services--an important factor in tenant retention and future rent growth potential.

Whether you are a seasoned investor or looking to expand your rental portfolio, this property offers steady cash flow, strong location fundamentals, and long-term appreciation potential. A solid investment opportunity in an established neighborhood with proven rental performance.

Overview

Property Status
For Sale
Lot Size
7,000 Sq.Ft.
MLS ID
2608089
Property Type
Residential
Year Built
1942

Features & Amenities

Total Area
1,510 Sq.Ft.
Neighborhood
Ada
Architecture Styles
Cottage
Stories
1
Garage Spaces
1.0
Water Source
Public
Utilites
Electricity Available, Natural Gas Available, Water Available
Pool
None
Roof
Other
Lot Features
Corner Lot
Parking
Carport
Heat Type
Central, Gas, Radiant
Air Conditioning
2 Units
Laundry Room
Washer Hookup, Electric Dryer Hookup
Appliances
Electric Water Heater, Oven, Range, Refrigerator
Other Interior Features
High Ceilings, Laminate Counters, Electric Oven Connection
Sewer
Public Sewer
Substructure
Crawlspace
Security Features
No Safety Shelter
Other Exterior Features
None
Elementary School
Ada
High School
Ada
School District
Ada - Sch Dist (I9)
Sales Price
$124,900
Real Estate Tax
$512/yr

Downloads

500 W 16 Street

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Thank you

for your interest in 500 W 16 Street, Ada, OK 74820

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500 W 16 Street

or
  • CallMickala Estabrooks

    License #157449

    (580) 310-2120
  • Ada

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