Don’t Like Whipsaw Stock Market-Try These Income Producing Properties on Grand LakeThursday, August 11th, 2011
Are you tired of constant up and down but mostly down stock market? Take a look at these income producing properties that generate cash each month in rental income. We have commercial property listings in the Grand Lake/Grove, OK area. Look at some examples below.
1. 2 Duplex’s in Grove, OK One is two units, each 1063 sq ft m/l with 2 bedrooms and 2 baths each. Gross rent $1225 per month. Can be bought for $153,900, Grand Lake MLS #11-1374. The other duplex is 1416 sq ft m/l each side with 3 bedrooms/2 baths in each side. This unit has gross rent of $1400 per month and can be bought for $164,900. It is Grand Lake MLS #11-1356. These two duplexes set side by side in a nice clean area. You can buy one or both.
2. Monkey Island on Grand Lake Strip Center with 6 units, Self Service Laundry, 25 Storage Units, and room to add more storage units or maybe a needed car wash to service all the bass boats at nearby Martin’s Landing week-end fishing tournments. The five business units are leased to long time businesses and the sixth unit is the owned self service laundry. Seller’s would adjust price and retain laundry and rent space from you. The mini storage units stay 90%+ leased. This sits at the entry to Monkey Island on busy Hwy 125. More details available. Grand Lake MLS #10-1539 priced at $642,000.
3. Commercial Building on Hwy 10/59 just south of Grove, OK. This rustic looking but like new building has 2535 sq ft m/l of offices and storage. There is an unfinished upstairs loft that could be made into several uses. This property has 201 ft of highway frontage. It formerly housed an electric business. Grand Lake MLS. #11-1056 is available at $155,000. This property would be a great rental but you also would enjoy it for your own ultimate man cave.
Call the Grand Lake Team at RE/MAX Grand Lake to talk about income producing property. Aaron Hughes can be reached at 918 801-5645 or firstname.lastname@example.org. Joe Neill at 918 640-3300 or email@example.com