521 SW 24th Street, Oklahoma City, OK 73109
- $825,000
- 9,438
- SqFt
- List Price
- $825,000
- MLS#
- 1247796
- Days on Market
- 6
- Living Area
- 9,438
- Status
- ACTIVE
- Type
- Multifamily
- Neighborhood
- College Hill Add 008 000 Lots 35 Thru 40
Property Description
NEW IMPROVED PRICE! MOTIVATED SELLER! Excellent opportunity to acquire a fully occupied 12-unit multifamily property in Oklahoma City’s Historic Capitol Hill District. This solid brick apartment community consists of three separate buildings with four units each, featuring twelve 1-bedroom, 1-bath units. With 100% occupancy, investors can enjoy immediate cash flow from day one while still having room for future income growth. Most units have been updated with newer windows, paint and floor, and the property has no known major immediate maintenance needs. Electrical panels have been updated. Some rents remain below market, creating an opportunity to increase revenue over time. A rear storage building offers additional upside and could potentially be converted into a laundry facility or other income-producing use. Great location and great opportunity for investors looking for both current income and future value-add potential. Disclosure: Listing agent is related to the seller.
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Additional Information
- Construction
- Brick
- Year Built
- 1929
- School District
- Oklahoma City
- Elementary School
- Lee ES
- Middle School
- Capitol Hill MS
- High School
- Capitol Hill HS
- Roof
- Composition
- Lot Description
- Interior Lot
- Lot Size
- 21,000
- Foundation
- Slab
Courtesy of Thao Nguyen-Pham and Spearhead Realty Group LLC. (405) 493-8144
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