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.
| MLS # | 1244036 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 28 |
| Listing Provided By | Homestead + Co | Braxton Heard |
| Bed(s) | 22 |
|---|---|
| Bath(s) | 11 Total |
| SQ Feet | 6,600 |
| Story(s) | 1 |
| Fireplaces Total | 0 |
|---|
| Lot Features | Corner Lot, Infill Lot |
|---|---|
| Foundation Details | Conventional |
| Okc Tax Amount | 2354.8100 |
|---|
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73119 |
| School District | Oklahoma |
| School District | U. S. Grant HS |
| Elementary School | Adams ES |
| High School | U. S. Grant HS |
| Listing VS Median (in 73119) | |
Price: $770,000 low | high Med: $149,900 sqft: 6,600 low | high Med: 960 $ / sqft: $117 low | high Med: $156 On site: 28 low | high Med: 376 | |
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73119 |
| School District | Oklahoma |
| School District | U. S. Grant HS |
| Elementary School | Adams ES |
| High School | U. S. Grant HS |
| Listing VS Median (in 73119) | |
Price: $770,000 low | high Med: $149,900 sqft: 6,600 low | high Med: 960 $ / sqft: $117 low | high Med: $156 On site: 28 low | high Med: 376 | |