$409,500 Not Disclosed Norman, OK

MLS: 803374   Type: Multi-Family   County: Cleveland   City: Norman   Neighborhood: Classen Miller   Zip: 73071  

Mortgage $1,923 /mo



Half Baths

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NOW an 8% CAP RATE this close to Campus......Price somewhat negotiable for strong/serious buyer. This is 6 units within walking distance to The University of Oklahoma (less than 1/2 mile away). Stays leased year around with upside in rental income. Great tenants who pay on time! No major deferred maintenance. Turn key investment opportunity with upside in rents and option to renovate to maximize rental income. No more multi family properties allowed to be built in this neighborhood (buyer to confirm). Seller will not allow potential buyers to disturb tenants with interior showings until under contract or until pricing/terms have been agreed to. Chicago Title Downtown OKC is preferred Title Company as they have closed on it before. Pricing is somewhat negotiable - Last appraisal was in July of 2017 for $425,000.00 - New Roof, new electrical panels, new staircase...Everything is in good working order.

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Price History

1/10/2018 Listed $419,000
2/16/2018 1% - $415,500
5/22/2018 1% - $415,000
6/7/2018 1% - $414,500
6/11/2018 2% - $409,500

Area 323
Construction Other
Property Sub Type More Than 4 Units
Property Type MultiFamily
School District Norman

Interior Features

# of Fireplaces 2
Appliances Refrigerator, Washer/Dryer, Water Heater
Beds Total 7
Cooling System Window Unit
Fireplace Desc Mock
Full Baths 6
Half Baths 1
Heating System Other
Number 1 Br Units 5
Number 2 Br Units 1
Number Efficiency Units 0
Numberof Units 6
Total Baths 6.10

Exterior Features

Foundation Conventional
Land Sq Ft 5950
Parking Additional, Concrete Drive
Roof Other
Total Parking 8

Property Schools

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Gallery (21 photos)

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Property vs Zip Code Avg (73071)

Price 409K Avg 293K

Sqr Feet 3,845 Avg 3,397

Cost / Sqr Ft $107 Avg $86

Visits 223 Avg 72

Days on Site 192 Avg 90

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Listing Provided Courtesy Of: Richard Jennings with Richard Jennings Real Estate

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Location & Address

eXp Realty Oklahoma City
101 Park Ave Ste. 1300
Oklahoma City, OK