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Listed by Britta Thrift • Sage Sotheby's Realty

$475,000

Est. payment - /mo

6 Beds

4 Baths

2,940 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,940 sqft

Price per Sqft $161

MLS Listing ID OKC1215541

Style Bungalow,Historic

Bedrooms 6

Full Baths 4

Construction Status Brick & Frame

Year Built 1930

Annual Tax Amount $3,800

Lot Size 8,999 Sqft

Property Sub-Type Fourplex

Property Description

Fantastic investment opportunity featuring two duplexes right in the heart of Oklahoma City's burgeoning urban core! This property includes two duplexes, one facing 16th and one facing Linn. The units on Linn are each one bedroom, one bath. These units were both taken to the studs and fully renovated including new plumbing, electrical, framing, drywall, cabinetry, appliances, fully remodeled bathrooms and flooring! The units on 16th are each two bedroom, one bath and also have numerous upgrades including new central HVAC, kitchen countertops and sinks, flooring, paint, attic insulation and more! Both properties have new roofs as of 2024. See full list of upgrades in supplements. As of April 1st, the gross rental income is $4,295 per month. The two bedroom units are slightly under market rent, and one of them is on month-to-month. The owner currently pays water, sewer, trash, which averages approximately $200/month. Recent financials available in supplements. Annual financials available upon request. Turnkey and income-producing, this property is a great opportunity for immediate returns, long-term growth, and potential value-add on the two bedroom units. Showings can be set up with 72 hours notice.

Location

State OK

County Oklahoma

Interior

Heating Electric

Cooling Central Elec

Fireplaces Number 2

Fireplaces Type Mock

Fireplace Y

Exterior

Parking Features Permeable Surface

Garage Description Permeable Surface

Roof Type Composition

Building

Lot Description Interior Lot

Story 1

Foundation Conventional

Architectural Style Bungalow, Historic

Level or Stories One

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Cleveland Es

Middle Schools Classen Ms Of Advanced Studies, Taft Ms

High Schools Classen Hs Of Advanced Studies, Northwest Classen Hs

School District Oklahoma City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Multiple Listing Service of Oklahoma (MLSOK)

NEARBY SCHOOL & BUSINESS

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Michael Gregory

+1(405) 245-0482

Agent | License ID: 200592

Agent License ID: 200592

2701 NW 16th ST Oklahoma City, OK 73107