08/09/2020
Cheaper than renting or a great investment opportunity. 6737 S Peoria Ave is a 1000+ SF open concept condo with two bedrooms and two full baths. In unit washer and dryer included. The balcony is located just off the two-story living area with skylights, ceiling fan, fireplace, and hardwood floors. Each bedroom has its own full bath. One upstairs and one downstairs making a great roommate floorplan. The upstairs loft is big enough to function as a bedroom and second living area. The kitchen features a stainless refrigerator, large panty and serving bar. The HOA dues include water/hot water, trash, carport, exterior maintenance, and swimming pool. Convenient location close to ORU, Tulsa Hills, River Parks, and 4 miles to The Gathering Place, and easy access to downtown Tulsa. Bike or bus to work, shopping, school and entertainment. Potentially a great investment $10,000 (20% down) @4% is $191 per month +$350 HOA, +67 tax, +20 insurance = $628 cost. Zillow estimates current rent for $850 has rented in past for $825. That’s a 26% return on your investment. Potentially a wonderful home with $5,000 (10% down) @ 3% is $190 + $350 HOA, +67 tax, +$20 insurance = $627 per month for a home with a pool that you don’t have to maintain.
