701 Culbertson Dr - Apartments FOR SALE


Oklahoma City, OK 73105- Culbertson
$3,600,000 USD
405-456-0750
701 Culbertson Dr, Oklahoma City, OK for Sale
$3,600,000 USD
Apartments - FOR SALE
1/20
null | 5.61% Cap Rate

701 Culbertson Dr
Oklahoma City, OK 73105
Culbertson


HIGHLIGHTS

  • Fully renovated in 2020 with upgraded interiors and modernized systems.
  • Stable occupancy at 100% ensures immediate cash flow for investors.
  • Located near downtown Oklahoma City with convenient access to highways and public transportation.
  • Secure gated community featuring a landscaped courtyard, laundry facilities, and storage options.
  • Proximity to major employers and universities supports sustained rental demand.
  • Unit amenities include updated kitchens, air conditioning, and high-speed internet access.

OVERVIEW

The Albert presents a distinctive investment opportunity in Oklahoma City with a fully renovated multifamily asset located in a historic and highly accessible neighborhood. Comprising 36 low-rise apartment units across three stories, the property underwent substantial improvements in 2020, offering modern interiors and updated systems while retaining its architectural charm. Each unit is well-appointed with contemporary finishes including vinyl flooring, updated kitchens, and upgraded bathrooms, ensuring strong appeal to renters who value both design and functionality. This stabilized community reports a 100% occupancy rate, providing an immediate and consistent income stream for investors. The gated property includes attractive amenities such as a landscaped courtyard, laundry facilities, and bicycle storage, enhancing tenant satisfaction and retention. Residents benefit from proximity to major employers, downtown Oklahoma City, and key transportation corridors, making it a desirable living environment for professionals and students alike. Positioned on a 0.66-acre site with a favorable 1.46 parking ratio, The Albert combines security, convenience, and modern living standards. With its recent upgrades and prime location near employment hubs and urban amenities, this offering aligns with long-term investment strategies seeking stability, quality improvements, and enduring rental demand.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

36

PRICE/UNIT

$100,000

CAP RATE

5.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Albert

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1948

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

034677325

ASK ABOUT THIS PROPERTY

Billy WoodringSubstancia Asset Management Group, LLCMore Info
405-456-0750

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Billy WoodringSubstancia Asset Management Group, LLCMore Info
405-456-0750

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