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1115 14th St - Near OUMed multi-family development potential 0.21 Acres of Residential Land Offered at $179,000 in Oklahoma City, OK 73117
INVESTMENT HIGHLIGHTS
- Up and coming area of historic properties
- Close proximity to the Innovation District, OU Medical ;VA hospital; downtown
EXECUTIVE SUMMARY
The dwelling unit in the back of the lot is leased @ $995.00 per month through 6/30/2026.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $179,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Zoning | R1 - Currently zoned R1 in the Capital Medical Zoning District of Oklahoma City. | ||
| Price | $179,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.21 AC |
| Zoning | R1 - Currently zoned R1 in the Capital Medical Zoning District of Oklahoma City. |
1 LOT AVAILABLE
Lot 13
| Price | $179,000 | Lot Size | 0.21 AC |
| Price Per AC | $838,411.42 |
| Price | $179,000 |
| Price Per AC | $838,411.42 |
| Lot Size | 0.21 AC |
R-1, interior lot in historic area near OU Medical/VA hopsital
DESCRIPTION
Don't overlook this unique opportunity to have a property in a prime location with a revenue generating unit already in place. Buy and build your dream home and enjoy passive income or consider multi-family construction to maximize your investment return. Renderings for 4-plex development/construction attached in the supplements. Should Capital Medical Zoning and City Planning/Zoning approve a SPUD for a duplex or 4-plex construction, the potential for income could be great. The back unit has been remodeled recently and is leased for $995.00/month long term, through 6/30/26.
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