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Listed by Thao Nguyen-Pham • Spearhead Realty Group LLC
$825,000
Est. payment /mo
9,438 SqFt
New
521 SW 24th ST Oklahoma City, OK 73109
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Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,438 sqft
Price per Sqft $87
MLS Listing ID OKC1247796
Style Traditional
Construction Status Brick
Year Built 1929
Annual Tax Amount $7,563
Lot Size 0.482 Acres
Property Sub-Type More Than 4 Units
Property Description
NEW IMPROVED PRICE! MOTIVATED SELLER! Excellent opportunity to acquire a fully occupied 12-unit multifamily property in Oklahoma City's Historic Capitol Hill District. This solid brick apartment community consists of three separate buildings with four units each, featuring twelve 1-bedroom, 1-bath units. With 100% occupancy, investors can enjoy immediate cash flow from day one while still having room for future income growth. Most units have been updated with newer windows, paint and floor, and the property has no known major immediate maintenance needs. Electrical panels have been updated. Some rents remain below market, creating an opportunity to increase revenue over time. A rear storage building offers additional upside and could potentially be converted into a laundry facility or other income-producing use. Great location and great opportunity for investors looking for both current income and future value-add potential.
Disclosure: Listing agent is related to the seller.
Disclosure: Listing agent is related to the seller.
Location
State OK
County Oklahoma
Interior
Fireplace N
Exterior
Roof Type Composition
Building
Lot Description Interior Lot
Story 2
Foundation Slab
Architectural Style Traditional
Structure Type Brick
Construction Status Brick
Schools
Elementary Schools Lee Es
Middle Schools Capitol Hill Ms
High Schools Capitol Hill Hs
School District Oklahoma City
Others
Acceptable Financing As is Condition
Listing Terms As is Condition
NEARBY SCHOOL & BUSINESS
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