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314 E Ash St 9 Unit Apartment Building $650,000 ($72,222/Unit) 7% Cap Rate Skiatook, OK 74070
Investment Highlights
- Value-Add
- Residential Home included in sales price
- Additional land available for potentially a third quad
Executive Summary
Two Quadplex buildings WITH a house for one price! Excellent investment opportunity in Skiatook, OK, just minutes from downtown Tulsa and Skiatook Lake. The 8 apartment units are all 2 bedroom 1 bath units that are under market rate, while the house is a 3 bedroom 1.5 bath with a long-term tenant that has been there for close to a decade. One could flip the house for a profit and be into the 8 units for less, creating even more additional cash flow. So many options available to a prospective buyer! Lastly, there's more land on the south side of the two quads to potentially build a third if one desired.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $650,000 | Apartment Style | Garden |
| Price Per Unit | $72,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.88 AC |
| Cap Rate | 7% | Building Size | 7,895 SF |
| No. Units | 9 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | RS2 | ||
| Price | $650,000 |
| Price Per Unit | $72,222 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.88 AC |
| Building Size | 7,895 SF |
| Average Occupancy | 89% |
| No. Stories | 1 |
| Year Built | 1900 |
| Zoning | RS2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $800.00 | 750 |
| 3+2 | 1 | $1,200 | 1,895 |
Property Taxes
| Parcel Number | 63475-22-26-04090 | Total Assessment | $10,648 |
| Land Assessment | $1,034 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $9,614 | Tax Year | 2025 |
Property Taxes
Parcel Number
63475-22-26-04090
Land Assessment
$1,034
Improvements Assessment
$9,614
Total Assessment
$10,648
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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314 E Ash St
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