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Tulsa OK | MID REHAB RENTAL | ASK 165k RENT 3k

6 Beds / 3 Baths • 2,708 SqFt

Available

Offer Submission Deadline

House Type 2-4 Unit
Bedrooms 6
Bathrooms 3
Year Built 1955
Approx.SqFt. 2708
Lot size SqFt. 12632

Description

🏠 Assignment Opportunity – 2715 W 48th St, Tulsa, OK 74107

Assignment Price: $165,000 + CC

Estimated ARV: $350,000+

Exit Strategy: BRRRR (Buy, Rehab, Rent, Refinance, Repeat)

💰 Rental Potential (Buy & Hold Option)

Current Rent: $1,300/month

Projected Rent: $3,000/month ($1,000/unit)

📍 Property Details

Type: Triplex

Year Built: 1955

Square Footage (Building): 2,708 sq ft

Square Footage (Land): 12,632 sq ft (double lot)

Units / Layout:

Unit A (1st floor): 3 Bed / 1 Bath | HVAC split system (Trane, 5 yrs old) | Water heater 5 yrs old
Unit B (2nd floor): 2 Bed / 1 Bath | Updated kitchen, floors, bath | Carpet 2 months old | HVAC split system (Trane, 5 yrs old)
Unit C (1st floor): 1 Bed / 1 Bath | Window shaker | Slab foundation issues (¼ in. cracks) | Water heater 7 yrs old
Occupancy: Tenant Occupied
Parking: Other

🛠 Rehab Overview

Scope:

Foundation repairs for Unit C
Light cosmetic touch-ups as needed
Garage already converted to living space
Systems (HVAC, plumbing, electric) largely updated

Big Six (per current info):

Roof: Not specified
Foundation: Cracks in Unit C slab (repair needed)
HVAC: Units A & B – Trane split systems (5 yrs old) | Unit C – window shaker
Electrical: Updated for main unit upstairs
Plumbing: Some updates already piped for main unit
Hot Water Heater: Unit A (5 yrs), Unit C (7 yrs)

🏡 ARV Comparables

4714 S Madison Ave — $367,000 | Duplex
4701 S Madison Ave — $367,000 | Duplex
4719 S Madison Ave — $367,000 | Duplex

📝 Property Notes

Strong BRRRR play on a Tulsa triplex with updated systems, newer HVAC units, and cosmetic-ready interiors. Only significant repair is foundation cracking in Unit C. Double lot offers additional long-term potential. Current tenants in place provide immediate cashflow with upside at market rents.

📞 TEXT OR CALL BEVANS LLC FOR A SHOWING TODAY: (512) 713-0085

Property Sold As Is | EMD OF $2,500

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.