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31096468
31096467

521 SW 24th Street, Oklahoma City, OK 73109

TN
OK 200060
Spearhead Realty Group, LLC
Listed by Spearhead Realty Group, LLC
$850,000
80 days on market
Updated 78 days ago

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

TN
OK 200060
Spearhead Realty Group, LLC
Listed by Spearhead Realty Group, LLC

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Additional Information

Name
Thao Nguyen
License
200060
Brokerage
Spearhead Realty
Brokerage Phone
4055140930
Title
agent
Brokerage Address
Northwest Expressway Service Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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