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Listed by Thao Nguyen-Pham • Spearhead Realty Group LLC
$850,000
Est. payment /mo
9,438 SqFt
Active
521 SW 24th ST Oklahoma City, OK 73109
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 9,438 sqft
Price per Sqft $90
MLS Listing ID OKC1213691
Year Built 1929
Annual Tax Amount $7,563
Lot Size 0.482 Acres
Property Sub-Type Investment
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.
The listing agent has equitable interest in the property.
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.
The listing agent has equitable interest in the property.
Location
State OK
County Oklahoma
Zoning Multi-Family
Interior
Fireplace N
Building
Story 2
Sewer Public Sewer
Water Public
NEARBY SCHOOL & BUSINESS
Casey Tuter
Realtor/Broker Associate | License ID: 172150
+1(405) 595-8902 | casey.tuter@brixrealty.com