3204 S Portland AVE, Oklahoma City, OK 73119
3204 S Portland AVE, Oklahoma City, OK 73119
3204 S Portland AVE, Oklahoma City, OK 73119
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Listed by Braxton Heard • Homestead + Co
$770,000
Est. payment /mo
22 Beds
11 Baths
6,600 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,600 sqft

Price per Sqft $116

MLS Listing ID OKC1244036

Style Other

Bedrooms 22

Full Baths 11

Construction Status Brick & Frame

Year Built 1950

Annual Tax Amount $2,354

Lot Size 0.258 Acres

Property Sub-Type Apartment

Property Description

Eleven unit multifamily portfolio plus a buildable lot, sold together as one package in Oklahoma City, Oklahoma. Two single-story apartment buildings. One six unit building, one five unit building, producing $8,440 per month / $101,280 annually in gross income, with an all 2 bedroom 1 bathroom unit mix that leases fast and turns cheap. Single-story construction means no stairwells, no elevator, and lower maintenance, insurance, and turnover costs than two-story product. One repeatable floor plan across all eleven doors makes this portfolio easy to manage, easy to underwrite, and easy to scale. The vacant adjacent lot creates room for additional units and additional income. Strong fit for buy and hold investors, 1031 exchange buyers, and value-add operators. Rent roll and pro forma available. Eleven doors, three parcels, one closing. Do not walk the property or talk to the tenants without the written permission of the listing realtor.

Location

State OK

County Oklahoma

Interior

Fireplaces Type None

Fireplace N

Exterior

Roof Type Composition

Building

Lot Description Corner Lot, Infill Lot

Story 1

Foundation Conventional

Architectural Style Other

Level or Stories One

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Adams Es

Middle Schools Roosevelt Ms

High Schools U. S. Grant Hs

School District Oklahoma City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Multiple Listing Service of Oklahoma (MLSOK)

Nearby School & Business

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Gordon Watson

Gordon Watson

+1(405) 631-2882

Broker | License ID: 80415

Broker License ID: 80415

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