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1838 NW 11th St 6 Unit Apartment Building $695,000 ($115,833/Unit) 5.38% Cap Rate Oklahoma City, OK 73106
INVESTMENT HIGHLIGHTS
- Five blocks south of the bustling Plaza District and also near Mid-Town.
- 6 beautifully renovated units that combine modern amenities with preserved historic details.
EXECUTIVE SUMMARY
This exceptional investment property generates over $5,192 a month in gross income at full occupancy and is situated just five blocks south of the bustling Plaza District and also near Mid-Town The complex comprises 6 beautifully renovated units that combine modern amenities with preserved historic details. At the heart of this property is a six-unit Gothic-style building which boasts an updated water supply system, efficient mini-split HVAC units, updated thermal windows, updated electrical systems and services, and exquisitely refurbished interiors. This turnkey rental package ensures low overhead costs making it an attractive option for investors; The architecture high-end finishes add to its appeal. The units include 4 one-bedroom apartments of various sizes and two efficiency apartments all plumbed for European-style washer-dryer combos. This is a rare opportunity for investors to acquire a high-quality hassle-free asset in a prime location.
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PROPERTY FACTS Under Contract
| Price | $695,000 | Building Class | B |
| Price Per Unit | $115,833 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,550 SF |
| Cap Rate | 5.38% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2021 |
| Property Subtype | Apartment | Parking Ratio | 3.94/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $695,000 |
| Price Per Unit | $115,833 |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,550 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2021 |
| Parking Ratio | 3.94/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| Studios | 2 | - | - |
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Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 062865200 | Improvements Assessment | $54,647 |
| Land Assessment | $3,261 | Total Assessment | $57,908 |
PROPERTY TAXES
Parcel Number
062865200
Land Assessment
$3,261
Improvements Assessment
$54,647
Total Assessment
$57,908
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1838 NW 11th St
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