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312 Chalmette Dr 20 Unit Apartment Building $2,350,000 ($117,500/Unit) Norman, OK 73071
Investment Highlights
- 5 well maintained 4 plex buildings
- individually metered
- The units feature all kitchen appliances
Executive Summary
Rare opportunity to purchase a package of 5 well maintained 4 plex buildings approximately 2 miles from the University of Oklahoma. Owner will consider owner financing with 25% down, up to a 30 year AM with a 7 year balloon payment. Interest rate of 5.75%. We do not do "creative financing" such as seller being in 2nd place, equity participation, terms that are not fully amoritized, etc. Each building has 4 2 bedroom, 1 bath units with approximately 975 square feet. Each tenant pays their own utilities, total electric with City of Norman water/sewer/trash. The units feature all kitchen appliances, most have tiled bathrooms and kitchens, washer/dryer hookups, and each has a fireplace. Central heat and air. Many updates over the years including recent new class 4 hail resistant roofs and some have all new windows. Rents are below market so there is room for increased revenue.
Don't disturb tenants.
This listing includes 229 Chalmette( R0036639), 233 Chalmette(R0036638), 237 Chalmette(R0036637), 300 Chalmette(R0036626), and 312 Chalmette
Don't disturb tenants.
This listing includes 229 Chalmette( R0036639), 233 Chalmette(R0036638), 237 Chalmette(R0036637), 300 Chalmette(R0036626), and 312 Chalmette
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Property Facts
| Price | $2,350,000 | Apartment Style | Garden |
| Price Per Unit | $117,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.50 AC |
| No. Units | 20 | Building Size | 13,149 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1982 |
| Zoning | R3 - Residential | ||
| Price | $2,350,000 |
| Price Per Unit | $117,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 13,149 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Zoning | R3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $110,186 | |
| Land Assessment | $12,385 | Total Assessment | $122,571 |
Property Taxes
Parcel Numbers
Land Assessment
$12,385
Improvements Assessment
$110,186
Total Assessment
$122,571
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312 Chalmette Dr