3204 S Portland Ave - Apartments FOR SALE


Oklahoma City, OK 73119- W South Oklahoma City | 
$770,000 USD
405-920-3246
3204 S Portland Ave, Oklahoma City, OK for Sale
$770,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

3204 S Portland Ave
Oklahoma City, OK 73119
W South Oklahoma City


HIGHLIGHTS

  • Single-story construction
  • Strong fit for buy and hold investors, 1031 exchange buyers, and value-add operators.
  • One repeatable floor plan across all eleven doors

OVERVIEW

Eleven unit multifamily portfolio plus a buildable lot, sold together as one package in Oklahoma City, Oklahoma. Two single-story apartment buildings. One six unit building, one five unit building, producing $8,440 per month / $101,280 annually in gross income, with an all 2 bedroom 1 bathroom unit mix that leases fast and turns cheap. Single-story construction means no stairwells, no elevator, and lower maintenance, insurance, and turnover costs than two-story product. One repeatable floor plan across all eleven doors makes this portfolio easy to manage, easy to underwrite, and easy to scale. The vacant adjacent lot creates room for additional units and additional income. Strong fit for buy and hold investors, 1031 exchange buyers, and value-add operators. Rent roll and pro forma available.

FOR SALE DETAILS

PRICE

$770,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

11

PRICE/UNIT

$70,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,649 SF

ZONING

R-4

APN/PARCEL ID

089866830,089866870

ASK ABOUT THIS PROPERTY

Samuel GosdinHomestead & CoMore Info
405-920-3246

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Samuel GosdinHomestead & CoMore Info
405-920-3246

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