
Listed by Spearhead Realty Group, LLC
$850,000
521 SW 24th Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,438
Units 12
Cap Rate 7.50%
Occupancy 100%
Price per SqFt $90
Class C
Year Built 1929
Buildings 3
Stories 2
Lot Size (SqFt) 21,000
Investment Type Value Add
Turn key income today, scalable upside tomorrow!
Marketing 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. Disclosure: The listing agent has equitable interest in the property.
Listing Contacts

Listed by Spearhead Realty Group, LLC
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