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Multifamily on Campus Corner in Norman, OK 740 Deans Row Ave 9 Unit Apartment Building $1,200,000 ($133,333/Unit) Norman, OK 73069
Investment Highlights
- Prime Location, Easy to rent, Income producing,
Executive Summary
Prime investment opportunity for this nine-unit multifamily complex situated on approximately 0.24 acres backing up to Campus Corner on the University of Oklahoma Campus in Norman, OK. The building was originally constructed in 1920 and includes a total living area of approximately 5,381 square feet. The structure consists of 9 units arranged across two stories, with additional garage apartments. There are 3 vacant units. This Property is in a prime location and never has any issue staying rented with value-add potential and never ending appreciation potential!
Property Facts
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $133,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| No. Units | 9 | Building Size | 5,381 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | R2 - Neighborhood Commercial Improvement | ||
| Price | $1,200,000 |
| Price Per Unit | $133,333 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 5,381 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R2 - Neighborhood Commercial Improvement |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R0037987 | Improvements Assessment | $55,520 |
| Land Assessment | $18,000 | Total Assessment | $73,520 |
Property Taxes
Parcel Number
R0037987
Land Assessment
$18,000
Improvements Assessment
$55,520
Total Assessment
$73,520
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Multifamily on Campus Corner in Norman, OK | 740 Deans Row Ave