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32nd Street Apartments 1731 NW 32nd St 16 Unit Apartment Building $1,200,000 ($75,000/Unit) Oklahoma City, OK 73118
INVESTMENT HIGHLIGHTS
- Prime Oklahoma City location with excellent connectivity
- Offered at $1.2 million, ideal for multifamily investors
- Positioned in a growing rental market with proven demand
- Strong 90% occupancy delivering immediate income stability
- Close to major highways, retail, and employment centers
EXECUTIVE SUMMARY
Positioned in the heart of Oklahoma City, the 32nd Street Apartments present an exceptional multifamily investment opportunity. Offered at $1,200,000, this well-maintained property boasts a strong 90% occupancy rate, ensuring immediate cash flow and stability for investors. The asset is located in a thriving residential corridor with convenient access to major thoroughfares, retail centers, and employment hubs, making it highly attractive to tenants seeking both comfort and connectivity.
The surrounding area offers a balanced mix of residential neighborhoods and commercial amenities, with proximity to downtown Oklahoma City, major highways such as I-44 and I-235, and local transit options. Investors will appreciate the property’s consistent performance and potential for rent growth in a market characterized by steady demand for quality housing. Oklahoma City’s economic vitality, diverse employment base, and affordable cost of living further enhance the long-term value proposition of this asset.
This multifamily property is ideal for buyers seeking a stabilized investment with upside potential through strategic management and incremental improvements. With strong occupancy and a desirable location, the 32nd Street Apartments represent a rare opportunity to secure a well-performing asset in one of Oklahoma’s most dynamic markets.
The surrounding area offers a balanced mix of residential neighborhoods and commercial amenities, with proximity to downtown Oklahoma City, major highways such as I-44 and I-235, and local transit options. Investors will appreciate the property’s consistent performance and potential for rent growth in a market characterized by steady demand for quality housing. Oklahoma City’s economic vitality, diverse employment base, and affordable cost of living further enhance the long-term value proposition of this asset.
This multifamily property is ideal for buyers seeking a stabilized investment with upside potential through strategic management and incremental improvements. With strong occupancy and a desirable location, the 32nd Street Apartments represent a rare opportunity to secure a well-performing asset in one of Oklahoma’s most dynamic markets.
PROPERTY FACTS
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $75,000 | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 17,340 SF |
| No. Units | 16 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise | Parking Ratio | 1.03/1,000 SF |
| Price | $1,200,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 17,340 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.03/1,000 SF |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 750 |
| 2+1 | 8 | - | 1,000 |
| 3+2 | 1 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 051552850 | Improvements Assessment | $85,480 |
| Land Assessment | $9,801 | Total Assessment | $95,281 |
PROPERTY TAXES
Parcel Number
051552850
Land Assessment
$9,801
Improvements Assessment
$85,480
Total Assessment
$95,281
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32nd Street Apartments | 1731 NW 32nd St
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