Historical Multifamily Sale Listing - Red Fern Apartments

Multifamily For Sale

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Red Fern Apartments

3022 South Tecumseh Street, Tulsa, OK 74110

N/A

20 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
20
Building Size:
12,160 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
3%
Cap Rate:
17.50%
Gross Rent Multiplier:
1.50
Occupancy:
50%
No. Stories:
1
Year Built:
1968
Lot Size:
0.94 AC
Parking Ratio:
1.65 / 1,000 SF
Listing ID
17360305
Last Updated
over 1 year ago

Highlights

  • EXCELLENT UPSIDE POTENTIAL
  • CURRENTLY 50% OCCUPIED
  • RENTS AT $525/MONTH
  • STRONG SECTION 8 TENANCY
  • VALUED AT OVER $500,000
  • GREAT FLIP PROPERTY

Description

Bank Owned Value add opportunity. This property needs an estimated $58,000 of capital improvements. The property is 50% occupied as 10 units are not rent read and need $ put into it. Excellent upside opportunity. This 20 unit apartment building features single story one bed one bath units.

Located in Tulsa OK

Map of 3022 South Tecumseh Street, Tulsa, OK 74110 (Tulsa County)

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