400 SW 42nd ST Active Save Request In-Person Tour Request Virtual Tour
Oklahoma City,OK 73109
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,006 sqft
Price per Sqft $131
MLS Listing ID OKC1181703
Style Other
Bedrooms 8
Full Baths 8
Year Built 1925
Annual Tax Amount $4,585
Lot Size 10,498 Sqft
Property Sub-Type More Than 4 Units
Property Description
Excellent investment opportunity! This well-maintained, two-story multifamily property features 8 total units—6 one-bedroom units and 2 studio/efficiency units—all in good condition and fully occupied. The property is under a master lease with the Homeless Alliance, offering guaranteed rent payments and stable tenancy. All units have passed Housing Authority inspections, ensuring compliance and minimal maintenance concerns. This is a turnkey, income-producing asset with a strong rental history and no reported issues. Ideal for investors seeking reliable cash flow with minimal oversight. Financial overview is available upon request and cap rate is 11.6%
Location
State OK
County Oklahoma
Exterior
Parking Features Concrete
Garage Description Concrete
Roof Type Composition
Building
Lot Description Corner Lot
Story 2
Foundation Combination
Structure Type Brick & Frame
Schools
Elementary Schools Capitol Hill Es
Middle Schools Santa Fe South Ms
High Schools Santa Fe South Hs
School District Oklahoma City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional