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
1/26
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
  • individually metered

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%. We do not do "creative financing" such as seller being in 2nd place, equity participation, terms that are not fully amoritized, etc. 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. Don't disturb tenants. This listing includes 229 Chalmette( R0036639), 233 Chalmette(R0036638), 237 Chalmette(R0036637), 300 Chalmette(R0036626), and 312 Chalmette

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.