Historical Multifamily Sale Listing - Paseo Lofts

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Paseo Lofts

802 NW 25th Street, Oklahoma City, OK 73106

N/A

8 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
8
Building Size:
5,152 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
6.70%
Occupancy:
100%
No. Stories:
2
Year Built:
1928
Lot Size:
0.24 AC
Listing ID
17632241
Last Updated
over 1 year ago

Highlights

  • Loft style floor plans
  • Trendy location
  • Nothing like this in the entire market
  • Best in class

Description

The Paseo Lofts is a very charming and one of a kind property built in 1928 and completely remodeled in 2007. Six of the eight units are one bedroom loft style apartments with refinished original hardwood floors. When potential residents walk into the unit they fall in love with the floor plan. The bedroom is connected to the living area by an iron spiral staircase visible immediately on entry of the unit, and the bedroom overlooks the living area with a matching iron rail. Downstairs contains the living room, kitchen and bedroom. Some units have washer/dryer connections, and others have access to the remodeled laundry room in the basement. Residents feel safe and enjoy their charming private community inside the controlled access courtyard and private parking spaces. Rarely is this property not 100% occupied, and units usually lease with little to no advertising.

Located in the very trendy and growing Paseo District, the Paseo Lofts have easy access to Broadway Extension, I-44 and virtually anywhere in Oklahoma City within minutes. This area is also in a federally recognized empowerment zone and could qualify for hisotic or other types of special financing or tax benefits. Because the unique and desirable floor plans, this property is perfect for young professional residents who want to live work and play all in a walkable area.

Map of 802 NW 25th Street, Oklahoma City, OK 73106 (Oklahoma County)

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