Oklahoma City 4 Plex 8.8 Cap Each 1 Bed 1 Bath - Interesting

[Chris Cooper]

I just listed this 4 plus and it seems like a low cap rate, but surprising getting lots of interest.  What makes my listing most unique is that Each Unit is 931 sq. ft. But Only 1 Bed / 1 Bath.  Just curious, does that make it more or less desirable as an investor?

Built in 2007 and strong tenants. We just don't have many 900+ sq ft properties that are only 1 bed.

[Alyssa Dyer]

We've seen a strong push for newer construction lately (2000 or later). My theory is that with construction (labor and materials) getting so much pricier in 2020/2021, it hit owners with lower end properties. Small repairs weren't so small anymore, haha. So they're looking to newer houses in hopes that the repairs won't be so aggressive on their bank accounts. 

That's mostly just speculation from my friends and clients, so take it with a grain of salt!