312 Chalmette Dr - Apartments FOR SALE


Norman, OK 73071- Outer Norman
$2,350,000 USD
405-409-4465
312 Chalmette Dr, Norman, OK for Sale
$2,350,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

312 Chalmette Dr
Norman, OK 73071
Outer Norman


HIGHLIGHTS

  • 5 well maintained 4 plex buildings
  • The units feature all kitchen appliances

OVERVIEW

Rare opportunity to purchase a package of 5 well maintained 4 plex buildings approximately 2 miles from the University of Oklahoma. Owner will consider owner financing with 25% down, up to a 30 year AM with a 7 year balloon payment. Interest rate of 5.75%. Each building has 4 2 bedroom, 1 bath units with approximately 975 square feet. Each tenant pays their own utilities, total electric with City of Norman water/sewer/trash. The units feature all kitchen appliances, most have tiled bathrooms and kitchens, washer/dryer hookups, and each has a fireplace. Central heat and air. Many updates over the years including recent new class 4 hail resistant roofs and some have all new windows. Rents are below market so there is room for increased revenue.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

20

PRICE/UNIT

$117,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

R3

APN/PARCEL ID

R0036623,R0036626,R0036637,R0036638,R0036639

ASK ABOUT THIS PROPERTY

Rudy HymerRJH Investments RealtyMore Info
405-409-4465

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Rudy HymerRJH Investments RealtyMore Info
405-409-4465

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.