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711 N Douglas Ave 4 Unit Apartment Building $699,000 ($174,750/Unit) 7% Cap Rate Oklahoma City, OK 73106
EXECUTIVE SUMMARY
A mixed-use luxury residential/office investment opportunity featuring four fully furnished units with several monthly tenants and one unit for short term-airbnb rentals. Perfect space for production studio rentals, office leases, photography studios, small beauty consultant businesses, residential rentals - traditional tenants or short term airbnb/vrbo stays. The location boasts an excellent downtown presence and is easily accessible from all directions.
PROPERTY FACTS
| Price | $699,000 | Apartment Style | Low-Rise |
| Price Per Unit | $174,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 7% | Building Size | 2,560 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Parking Ratio | 1.56/1,000 SF |
| Zoning | SPUD-969 - Simplified Planned Unit Development | ||
| Price | $699,000 |
| Price Per Unit | $174,750 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,560 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | SPUD-969 - Simplified Planned Unit Development |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Eat-in Kitchen
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Dining Room
- Lawn
- Office
- Pantry
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Controlled Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Security System
- Pet Washing Station
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 640 |
1 1
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 016086200 | Improvements Assessment | $39,666 |
| Land Assessment | $1,526 | Total Assessment | $41,192 |
PROPERTY TAXES
Parcel Number
016086200
Land Assessment
$1,526
Improvements Assessment
$39,666
Total Assessment
$41,192
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711 N Douglas Ave
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