521 Southwest 24th Street

Oklahoma City OK 73109

9438 sq. ft.

21000 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

NEW IMPROVED PRICE! MOTIVATED SELLER! Excellent opportunity to acquire a fully occupied 12-unit multifamily property in Oklahoma City’s Historic Capitol Hill District. This solid brick apartment community consists of three separate buildings with four units each, featuring twelve 1-bedroom, 1-bath units. With 100% occupancy, investors can enjoy immediate cash flow from day one while still having room for future income growth. Most units have been updated with newer windows, paint and floor, and the property has no known major immediate maintenance needs. Electrical panels have been updated. Some rents remain below market, creating an opportunity to increase revenue over time. A rear storage building offers additional upside and could potentially be converted into a laundry facility or other income-producing use. Great location and great opportunity for investors looking for both current income and future value-add potential. Disclosure: Listing agent is related to the seller.

Features

9438 sq. ft. floor area

21000 sq. ft. lot size

Multi-Family

Property history for 521 Southwest 24th Street

2016

Sold

$283,500

22 Jul 2016 by Thao Nguyen, of Spearhead Realty Group LLC

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