This property is Off-Market

802 NW 25th Street
Oklahoma City, OK 73106 ·

8 Units · Multifamily For Sale

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Paseo Lofts

Price N/A Cap Rate 6.70%
No. Units 8 Occupancy 100%
Building Size 5,152 SF No. Stories 2
Property Type Multifamily Year Built 1928
Property Sub-type Garden/Low-Rise Lot Size 0.24 AC
Property Use Type Investment
Listing ID: 17632241 Date Created: 04/24/2012 Last Updated: 01/03/2013

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.

Highlights

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

Research

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

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