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1838 NW 11th St

10 Unit Apartment Building $1,966,552 CAD ($196,655 CAD/Unit) 4.02% Cap Rate Oklahoma City, OK 73106

Investment Highlights

  • Five blocks south of the bustling Plaza District and also near Mid-Town.
  • Ten beautifully renovated units that combine modern amenities with preserved historic details.

Executive Summary

This exceptional investment property generates over $7,300 a month in income and is situated just five blocks south of the bustling Plaza District and also near Mid-Town The complex comprises ten beautifully renovated units that combine modern amenities with preserved historic details At the heart of this property is a six-unit Gothic-style building which boasts an updated water supply system efficient mini-split HVAC units updated thermal windows updated electrical systems and services and exquisitely refurbished interiors; Next door two separate duplexes have been fully renovated to the same high standard The property also includes new concrete parking at the rear and new sidewalks surrounding the entire corner This turnkey rental package ensures low overhead costs making it an attractive option for investors; Located in one of Oklahoma City's fastest-growing areas this property offers tenants access to green spaces with some units featuring private yards The architecture high-end finishes and availability of both private and communal gardens and grilling areas add to its appeal The units include eight one-bedroom apartments of various sizes and two efficiency apartments all plumbed for European-style washer-dryer combos This is a rare opportunity for investors to acquire a high-quality hassle-free asset in a prime location

Data Room Click Here to Access

Property Facts

Price $1,966,552 CAD
Price Per Unit $196,655 CAD
Sale Type Investment
Cap Rate 4.02%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.17 AC
Building Size 3,550 SF
No. Stories 2
Year Built/Renovated 1928/2020
Parking Ratio 5.07/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
062865200
Land Assessment
$4,705 CAD
Improvements Assessment
$71,776 CAD
Total Assessment
$76,481 CAD
  • Listing ID: 32308580

  • Date on Market: 2024-07-01

  • Last Updated:

  • Address: 1838 NW 11th St, Oklahoma City, OK 73106

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