Bought with Bill Harvey
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Key Details
Sold Price $263,000
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 2,862 sqft
Price per Sqft $91
MLS Listing ID OKC1108910
Sold Date 07/12/24
Style A-Frame,Other
Construction Status Frame
Year Built 1935
Annual Tax Amount $3,167
Lot Size 7,000 Sqft
Property Sub-Type More Than 4 Units
Property Description
***Motivated seller. BRRRR opportunity. Property being sold "As-is"*** Welcome to your next investment opportunity at 20 SW 23rd St, OKC, OK, 73109! This 6-unit apartment complex, strategically located near downtown OKC and just a 2-minute drive from the Paycom Center, is a savvy investor's dream. The landlord takes care of all bills, making this property easy to keep full. With current rents below market value, there's substantial room for growth, ensuring a solid return on investment. Take a closer look at the individual units: Unit 1: A spacious 2-bed, 1-bath currently rented at $725, but the market supports $925. Unit 2: Another 2-bed, 1-bath unit, currently vacant, with the potential to increase to the market rate of $925. Unit 3: A comfortable 1-bed, 1-bath apartment currently rented at $725, and the market suggests an increase to $750. Unit 4: This 1-bed, 1-bath unit commands a rent of $775 which is right at market value. Unit 5: Another 1-bed, 1-bath currently rented at $725, with the market supporting an increase to $750. Unit 6: A 1-bed, 1-bath unit, currently vacant, presenting a fantastic opportunity to set the rent at the market rate of $750. With its prime location, landlord pays all bills, and the potential for increased rental income, this apartment complex near downtown OKC is not to be missed. Seize the opportunity to maximize your investment returns and schedule a showing today!
Location
State OK
County Oklahoma
Interior
Heating Other
Cooling Other
Fireplace Y
Exterior
Parking Features Asphalt, Concrete
Garage Description Asphalt, Concrete
Roof Type Composition
Building
Lot Description Interior Lot
Story 2
Foundation Slab
Architectural Style A-Frame, Other
Level or Stories Multi
Structure Type Frame
Construction Status Frame
Schools
Elementary Schools Wheeler Es
Middle Schools Webster Ms
High Schools Capitol Hill Hs
School District Oklahoma City
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