Coldwell Banker Select - Bob Clark

Description

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.

Details

MLS#803374
Sub-TypeResale
StatusActive
Days On Site219

Features

SQ Feet3,845
Units6
Building(s)1

Market Activity 73071

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Area Information

StateOK
CountyCleveland
CityNorman
Zip Code73071
School DistrictNorman
Listing VS Median (in 73071)
Price:
$409,500
low | high
Med:
$182,000
100% of Average
SqFt:
3,845
low | high
Med:
1,773
100% of Average
$ / SqFt:
$107
low | high
Med:
$103
53.615967913769% of Average
On Site:
219
low | high
Med:
29
100% of Average
Listing Updated: 08/17/2018
MLS Number: 803374
Listing Provided By:
Richard Jennings  of  Richard Jennings Real Estate