1072 County Street 2958 Tuttle, OK 73089
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,350 sqft
Price per Sqft $83
MLS Listing ID OKC1168372
Style Other
Bedrooms 12
Full Baths 7
Half Baths 5
Construction Status Brick & Frame,Frame
Year Built 2001
Annual Tax Amount $4,237
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Fourplex
Property Description
unit multifamily investment property on 1.5 acres offers both rural charm and solid
financials. Built in 2001 and remodeled in 2016, it is offered well below replacement cost
at just $83.23/SF ±. Located just west of State Highway 4 and the H.E. Bailey Turnpike
Norman Spur, this property offers easy access to OKC and Norman—home to the
University of Oklahoma, Barry Switzer Center, Norman Regional Health System,
Advanced Call Center Technologies, and Riverwind Casino.
Financial highlights:
Asking Price: $695,000
Net Operating Income: $60,221
Cap Rate: 8.66%
Cash-on-Cash Return: 16%
Each unit is separately metered for electric. The owner does not currently charge for
water or septic. The only owner-paid utility is minimal electricity for the well house (avg.
$38/mo). A new owner could self-manage to increase returns further. Owner-occupancy
may also open doors to additional financing options.
This well-maintained asset is ideal for both seasoned and first-time investors seeking
low overhead, consistent income, and countryside appeal. Shown by appointment
only—please do not disturb tenants. Current rent roll and financials available upon
request.
Unit Breakdown:
Unit A: 4 bed, 2.5 bath – ±2,600 SF
Unit B: 4 bed, 2 bath – ±2,300 SF
Unit C: 1 bed, 1.5 bath – ±1,300 SF
Unit C Ground Floor: 1 bed, 1 bath (unfinished) – ±650 SF
Unit D: 3 bed, 2.5 bath – ±1,500 SF
Total: ±8,350 SF
The ground floor of Unit C includes a framed, partially finished 1 bed/1 bath space with
separate entrance, stubbed plumbing, ductwork, lighting, and onsite tub/shower and
fixtures. Just needs insulation and sheetrock to finish.
Location
State OK
County Grady
Interior
Fireplaces Type None
Fireplace Y
Exterior
Roof Type Composition
Building
Lot Description Interior Lot
Foundation Slab
Architectural Style Other
Level or Stories Multi
Structure Type Brick & Frame,Frame
Construction Status Brick & Frame,Frame
Schools
Elementary Schools Bridge Creek Early Childhood
Middle Schools Bridge Creek Ms
High Schools Bridge Creek Hs
School District Bridge Creek
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Realtor/Broker Associate | License ID: 172150
+1(405) 595-8902 | casey.tuter@brixrealty.com