$124,900
 $670 est/mo Sourced by Back At You

500 W 16 Street,Ada, OK 74820

Ada, OK 74820

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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 servicesan 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.

Details

MLS #2608089
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1942
Days On Site78
Listing Provided ByOffice Staging Realty | Mickala Estabrooks

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,510
Garage1
Car PortYes
BasementY
Story(s)1
Acreage0.16

Exterior

Lot FeaturesCorner Lot

Parking

Garage Yes / NoYes
Parking FeaturesCarport

Taxes

Tax Annual Amount512

Area Information

StateOK
CountyPontotoc
CityAda
Zip Code74820
Community NameDaggs
Sourced by Back At You

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Back at You MLS.

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Learn More About This Property

StateOK
CountyPontotoc
CityAda
Zip Code74820
Community NameDaggs
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $93K - $156K
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
424 W 15th Street Property Photo 1
$136,000
424 W 15th Street
Ada, OK 74820
600 W 16th Property Photo 1
$129,000
600 W 16th
Ada, OK 74820
Listing Updated: March 9, 2026 at 4:38:02 AM PDT

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