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2900 W 520 RD Pryor, OK 74361
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Key Details
Sold Price $2,230,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 19,376 sqft
Price per Sqft $115
Subdivision Mayes Co Unplatted
MLS Listing ID 2443767
Sold Date 09/30/25
HOA Y/N No
Total Fin. Sqft 19376
Year Built 2018
Annual Tax Amount $22,315
Tax Year 2023
Lot Size 4.610 Acres
Acres 4.61
Property Sub-Type Apartment
Property 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.
Location
State OK
County Mayes
Community Sidewalks
Body of Water Hudson Lake
Interior
Interior Features High Ceilings, Internal Expansion, Other, Cable TV, Ceiling Fan(s), Programmable Thermostat, Insulated Doors
Heating Central, Electric, Heat Pump
Cooling Central Air
Flooring Carpet, Concrete
Fireplace No
Window Features Insulated Windows
Heat Source Central, Electric, Heat Pump
Exterior
Exterior Feature Lighting, Satellite Dish
Parking Features Garage, One Car Garage, Paved, Two or More Spaces
Garage Spaces 1.0
Fence None
Community Features Sidewalks
Utilities Available Cable Available, Electricity Available, Water Available
Waterfront Description Boat Ramp/Lift Access
Water Access Desc Public
Roof Type Composition
Garage true
Building
Entry Level One
Foundation Slab
Lot Size Range 4.61
Sewer Aerobic Septic
Water Public
Level or Stories One
Structure Type Brick
Schools
School District Pryor - Sch Dist (M1)
Others
Tax ID 0000 29 21N 19E 3 013 00
Security Features Smoke Detector(s)
Acceptable Financing Conventional, Other
Green/Energy Cert Doors, Insulation, Windows
Listing Terms Conventional, Other
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Bought with Keller Williams Premier
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