This Multifamily Property is Off-Market.

3022 South Tecumseh Street
Tulsa, OK 74110 ·

20 Units · Multifamily For Sale

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Red Fern Apartments

Price N/A Cap Rate 17.50%
No. Units 20 Gross Rent Multiplier 1.50
Building Size 12,160 SF Occupancy 50%
Property Type Multifamily No. Stories 1
Property Sub-type Garden/Low-Rise Year Built 1968
Property Use Type Investment Lot Size 0.94 AC
Distressed Yes Parking Ratio 1.65 / 1,000 SF
Commission Split 3%
Listing ID: 17360305 Date Created: 10/05/2011 Last Updated: 10/15/2012

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

Highlights

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

Research

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

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