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Archived over 2 years ago

$700,000

5+ bd 4+ ba 4092 sqft

2748 Northwest 23rd Street, Oklahoma City, OK 73107

Residential Condo

Current Rent **

$5,110

Projected Rent **

$5,810

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

8-unit Remodeled Apartment in Heart of OKC (could be converted to STR)

This property is a 8 unit apartment in Oklahoma City that has undergone major renovations. Since 2020 every unit has been remodeled, the exterior was painted, and the deck has been repaired (almost rebuilt). Each unit has a clean feel with new paint, counters, and bathrooms. The main plumbing line was also replaced recently. T-12, maintenance records, etc. can be provided if you need them.

- The property has 8 units.
- 7 of them are leased.
- 1 of them became vacant about a week ago.

The vacant unit could be a great candidate as a short term rental if you wanted to bring in higher cash flow.

There are no known outstanding repairs. Laundry is currently not on site but there is a room where plumbing is already run. If you finished converting that to a laundry room you could raise rent.

If you have questions or want more information, feel free to shoot over an email
[email protected]
[email protected]

Location:

2748 Northwest 23rd Street, Oklahoma City, OK 73107

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.