806 N Washington St - Apartments FOR SALE


Ardmore, OK 73401
$648,000 USD
940-206-4517
806 N Washington St, Ardmore, OK for Sale
$648,000 USD
Apartments - FOR SALE
1/12
null | 10.58% Cap Rate

806 N Washington St
Ardmore, OK 73401


OVERVIEW

Excellent investment opportunity in Ardmore! This fully occupied 6-unit multi-family property offers approximately 5,400 SF of rentable space with an 10.57% cap rate. Tenants pay electric; owner pays water and trash. Low expenses with strong cash flow and stable tenant base. Conveniently located near downtown Ardmore with easy access to amenities. Onsite parking lot included. Full value-add potential allows for future rent growth and increased returns. A great starter investment with upside. Free & Clear or Loan Assumption, 100% Occupancy Rate since May 2025. Fully occupied cash flowing asset with solid financials, value add opportunities.

FOR SALE DETAILS

PRICE

$648,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,000

CAP RATE

10.58%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Commercial

APN/PARCEL ID

0010-00-136-002-0-001-00

ASK ABOUT THIS PROPERTY

Megan ToweryParagon RealtorsMore Info
940-206-4517

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Megan ToweryParagon RealtorsMore Info
940-206-4517

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