420 W Johnson St - Multi-Family FOR SALE


Norman, OK 73069- Outer Norman
$212,500 USD
405-850-3880
420 W Johnson St, Norman, OK for Sale
$212,500 USD
Multi-Family - FOR SALE
1/48
null | Request Cap Rate

420 W Johnson St
Norman, OK 73069
Outer Norman


HIGHLIGHTS

  • 2 buildings on 1 lot
  • Rent ready
  • Student rental possibilities, close to OU campus

OVERVIEW

This could be a great opportunity for a 2 for 1 rental investment or a home owner who wants a house-hack of a rent ready ADU. Much recent rehab has been poured into both buildings. The main house offers good size @ 1505 sqft MOL, having 3 bedrooms and 2 bathrooms. The ADU in the back is approximately 604sqft MOL, with a living area, kitchenette, bedroom & bathroom. The advertised 4 bedrooms & 3 bathrooms are both buildings combined. New metal roofs, nearly every window replaced with low-e, New central electric heat/AC for the main house and a new mini-spit for the ADU, updated flooring, remodeled kitchens and bathrooms with new cabinets, tops, fixtures, and paint. The money has been spent, now its time to reap the benefit of collecting rent, or living and letting a tenant help pay your way!

FOR SALE DETAILS

PRICE

$212,500 USD

PRICE/SF

$101 USD /SF

# OF UNITS

2

PRICE/UNIT

$106,250

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norman 2 for 1 opportunity

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

Residential

APN/PARCEL ID

R0044459

ASK ABOUT THIS PROPERTY

Dean LemonsDean Lemons & AssociatesMore Info
405-850-3880

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Dean LemonsDean Lemons & AssociatesMore Info
405-850-3880

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