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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,176 sqft
Price per Sqft $114
MLS Listing ID OKC1239178
Style Traditional
Bedrooms 1
Full Baths 1
Construction Status Brick & Frame
Year Built 1971
Annual Tax Amount $6,735
Lot Size 0.321 Acres
Lot Dimensions United States
Property Sub-Type Apartment
Property Description
Over the past year, ownership has substantially increased rental rates to better align with market conditions while making meaningful capital improvements throughout the property. The units have been updated, enhancing both tenant appeal and long-term durability. The property also features new windows, improving energy efficiency, curb appeal, and reducing future maintenance concerns.
A major operational enhancement includes transitioning tenants to pay their own electric service, as the property is individually metered, thus significantly reducing owner expenses and improving the property's overall operating efficiency. These changes have created a stronger income-producing asset with continued upside potential through ongoing management and future rent optimization.
the property is in good overall condition and offers investors an attractive combination of stable occupancy, improved operations, and reduced deferred maintenance. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment with proven rental growth, this property presents an excellent opportunity in the Oklahoma City market.
Conveniently located with easy access to major employment centers, downtown Oklahoma City, I-35, I-44, and I-240, the property benefits from strong rental demand and excellent accessibility for tenants.
Don't miss the opportunity to acquire a well-positioned 14-unit apartment community where many of the value-add improvements have already been completed. Financial information is available upon request. Contact the listing agent for additional details or to schedule a private tour.
Location
State OK
County Oklahoma
Interior
Heating Other
Cooling Window Unit(s)
Fireplace N
Exterior
Parking Features Concrete
Garage Description Concrete
Roof Type Shingle
Building
Lot Description Interior Lot
Story 2
Foundation Slab
Architectural Style Traditional
Level or Stories Two
Structure Type Brick & Frame
Construction Status Brick & Frame
Schools
Elementary Schools Lee Es
Middle Schools Capitol Hill Ms
High Schools Capitol Hill Hs
School District Oklahoma City
Nearby School & Business
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