Oklahoma City, OK 73105,800 East DR
Listed by Kaci Kaiser • Solas Real Estate LLC
Bought with Cassidy Johnson
$1,207,000
Est. payment /mo
$1,300,000
7.2%
Est.Price: ?

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15 Beds
15 Baths
9,092 SqFt
SOLD DATE : 01/30/2024

Key Details

Sold Price $1,207,000

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 9,092 sqft

Price per Sqft $132

MLS Listing ID OKC1070623

Sold Date 01/30/24

Style Tudor

Bedrooms 15

Full Baths 15

Construction Status Brick & Frame

Year Built 1928

Annual Tax Amount $11,198

Lot Size 0.344 Acres

Property Sub-Type More Than 4 Units

Property Description

Introducing a 15-unit apartment complex in Historic Lincoln Terrace. This well-located property is close to OU Medical Center and Downtown OKC. The complex features 12 one-bedroom units and 3 studios, all variably updated as tenants moved out with new flooring, kitchen and bathroom updates, fresh paint, and more. Each unit has a balcony or porch, there are no Section 8 tenants, and on site laundry room. Other improvements include replacing all 4 sewer lines, a new roof on one building in 2022, a repaved parking lot. Currently 80% occupied, with 3 vacant units for lease (one being filled in August.) All but 3 units metered separately for Electric, and some units have utility chargebacks and could be added to others. There is still room for additional upside with increasing rents of at least 7 units and there are 3 basement units that could be converted or used to provide storage for every unit. Ideal for investors seeking a historic yet modernized property in a prime location. Don't miss this opportunity!

Location

State OK

County Oklahoma

Interior

Heating Central Electric

Cooling Central Gas

Fireplaces Number 13

Fireplaces Type None

Fireplace Y

Appliance Refrigerator, Water Heater

Exterior

Parking Features Additional Parking, Concrete

Garage Description Additional Parking, Concrete

Roof Type Composition

Building

Lot Description Interior Lot

Story 2

Foundation Conventional

Architectural Style Tudor

Level or Stories Two

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Wilson Es

Middle Schools Moon Ms

High Schools Douglass Hs

School District Oklahoma City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Multiple Listing Service of Oklahoma (MLSOK)

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agent

Mike Henson

+1(405) 831-8453

Agent | License ID: okcmhenson

Agent License ID: okcmhenson

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