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Listed by Thao Nguyen-Pham • Spearhead Realty Group LLC
$850,000
Est. payment /mo
9,438 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 9,438 sqft
Price per Sqft $90
MLS Listing ID OKC1216388
Style Traditional
Construction Status Brick
Year Built 1929
Annual Tax Amount $7,563
Lot Size 0.482 Acres
Property Sub-Type More Than 4 Units
Property Description
This solid brick 12-unit apartment community offers a strong blend of stable cash flow and value-add upside in the Historic Capitol Hill District of Oklahoma City. The property consists of three separate buildings, each with four units, and features a desirable unit mix of twelve 1-bedroom, 1-bath units, each with charming mock fireplaces. Roof was replaced 2017 and newer windows in most units. The property is currently 100% occupied, with some tenants receiving City's rental assistance, providing immediate and reliable income. Some units have under market rent which gives rooms for potential higher cash flow in the future. A storage building at the rear of the property offers additional upside and could be converted into a laundry facility for extra revenue. With strong rental demand in the area and further potential through continued improvements, this is an excellent opportunity for an investor seeking steady cash flow today with room to grow returns tomorrow.
Disclosure: The listing agent has equitable interest in the property.
Disclosure: The listing agent has equitable interest in the property.
Location
State OK
County Oklahoma
Interior
Fireplace N
Exterior
Roof Type Composition
Building
Lot Description Interior Lot
Story 2
Foundation Slab
Architectural Style Traditional
Structure Type Brick
Construction Status Brick
Schools
Elementary Schools Lee Es
Middle Schools Capitol Hill Ms
High Schools Capitol Hill Hs
School District Oklahoma City
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Nearby Locations
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