801-803 East Dr - Apartments FOR SALE


Oklahoma City, OK 73105- Culbertson
$1,100,000 USD
405-420-2499
801-803 East Dr, Oklahoma City, OK for Sale
$1,100,000 USD
Apartments - FOR SALE
1/27
null | 6% Cap Rate

801-803 East Dr
Oklahoma City, OK 73105
Culbertson


OVERVIEW

Incredible opportunity to purchase an occupied and stabilized, 13 unit (13th unit renovation needs to be completed) multi-family property in the heart of Lincoln Terrace Just minutes from the Medical District and State Capitol. 12 units have been tastefully remodeled/updated (approx 250k spent over the last 7 years) and are ready for turn-key operation. There are so many updates it’s hard to list them all: Updated plumbing in 98% of the building, Most electrical panels updated, New Windows in 80% of building, New insulation in attic, New fencing around property, All AC’s except for 2 have been updated, front porches updated with new concrete and fence, New hot water tanks and Remodeled laundry room. The laundry room is an additional income stream to the property. The complex consists of ten 1 bed/1 bath units and two 2 bed/1 bath units. This complex has been nicely modernized while leaving many original features that accentuate its historic charm. Don't miss your chance to add this turn key, income producing property to your portfolio! FINANCIALS AND RENT ROLL AVAILABLE upon request.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

13

PRICE/UNIT

$84,615

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

034676925

ASK ABOUT THIS PROPERTY

Brian RushBailee Co Real EstateMore Info
405-420-2499

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Brian RushBailee Co Real EstateMore Info
405-420-2499

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