5504 E 5th Pl - Multi-Family CONDO FOR SALE


Tulsa, OK 74112- Turner Park
$439,400 USD
918-712-2252
5504 E 5th Pl, Tulsa, OK for Sale
$439,400 USD
Multi-Family CONDO - FOR SALE
1/41
null | Request Cap Rate

5504 E 5th Pl
Tulsa, OK 74112
Turner Park


OVERVIEW

INCOME-PRODUCING PROPERTY NEAR TU—FEATURING A FULLY LEASED HOME PLUS A TWO-STORY DUPLEX AND OPTION TO PURCHASE ADDITIONAL LAND FOR FUTURE DEVELOPMENT OR EXPANSION. This one of a kind Midtown Tulsa property includes the option to purchase an additional 0.52 +/- acre lot, along with exclusive rights to approximately 0.75 +/- acres of Burlington Northern Railroad Right-of-Way land—a rare development opportunity available only to the adjacent owner (see map for outline in photos). Located in the historic White City/Glen Haven neighborhood, just 1.5 miles from the University of Tulsa, this income-producing setup features an updated 3-bed, 2-bath main home with fresh paint, newly refinished original hardwood floors, a fenced backyard, spacious front porch, and large concrete back deck. The adjacent newer-construction two-story duplex is built on a thick slab with 6” studs on 12” centers. Both units have access to a private backyard. The upstairs unit includes 2 bedrooms, 1.5 bathrooms, a private entrance, and a balcony. The downstairs unit features 1 bedroom, 1 bathroom, and a private entrance. All units are tenant-occupied and fully turn-key, offering immediate income from day one. Also included is a garage with potential to convert into a studio unit, creating added rental upside. The additional 0.52 +/- acre lot (MLS# 2524445) is available for purchase and unlocks access to the 0.75 +/- acres of adjoining railroad land, ideal for added units, redevelopment, or a private compound. Prime location just a short walk to Braden Park, featuring a pond, playground, splash pad, picnic area, walking path, basketball and tennis courts. Only 2.3 miles to Expo Square, 4 miles to Utica Square, under 5 miles to Downtown Tulsa, ONEOK Field, Cox Business Center, and the BOK Center, and 7 miles to The Gathering Place. A rare opportunity in a thriving Midtown corridor!

FOR SALE DETAILS

PRICE

$439,400 USD

PRICE/SF

$140 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

3,136 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,946 SF

ZONING

RS3

APN/PARCEL ID

16325-93-03-04250

ASK ABOUT THIS PROPERTY

Drew AryAry Land Co | KW Advantage LandMore Info
918-712-2252

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Drew AryAry Land Co | KW Advantage LandMore Info
918-712-2252

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