OU CAMPUS 6 UNITS 810 Classen Blvd 6 Unit Apartment Building $450,000 ($75,000/Unit) Norman, OK 73071
INVESTMENT HIGHLIGHTS
- Desirable Location
- Upside in income / NOI
- Ease of Management
- Opportunity for small to large scale renovations
EXECUTIVE SUMMARY
This is a six (6) unit complex located in the desirable LARSH-MILLER neighborhood and within 1/2 mile to the University of Oklahoma campus. There is upside with raising rents, lowering expenses and/or with small to large scale renovations. Enjoy ease of keeping leased and low maintenance management with only six (6) units in a highly desirable location. Two (2) units are currently being fixed up to Lease as the tenants just vacated. Once they are Leased at the new rates, then the price may adjust.
Please email RWPJ@ATT.NET or call me for more details. Rent Roll and 2024 P&L attached. New photos to come.
Please email RWPJ@ATT.NET or call me for more details. Rent Roll and 2024 P&L attached. New photos to come.
PROPERTY FACTS
| Price | $450,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,845 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 2.08/1,000 SF |
| Zoning | R1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $712.50 | - |
| 2+1.5 | 1 | $900.00 | - |
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Walk Score®
Very Walkable (76)
Bike Score®
Biker's Paradise (97)
