Home Details for 1072 County Street 2958

Overlooking the peaceful countryside of Bridge Creek, Oklahoma, this 8,350 SF ± four- unit multifamily investment property on 1.5 acres offers both rural charm and solid financials. Built in 2001 and remodeled in 2016, it is offered well below replacement cost at just $83.23/SF ±. Located just west of State Highway 4 and the H.E. Bailey Turnpike Norman Spur, this property offers easy access to OKC and Norman—home to the University of Oklahoma, Barry Switzer Center, Norman Regional Health System, Advanced Call Center Technologies, and Riverwind Casino. Financial highlights: Asking Price: $695,000 Net Operating Income: $60,221 Cap Rate: 8.66% Cash-on-Cash Return: 16% Each unit is separately metered for electric. The owner does not currently charge for water or septic. The only owner-paid utility is minimal electricity for the well house (avg. $38/mo). A new owner could self-manage to increase returns further. Owner-occupancy may also open doors to additional financing options. This well-maintained asset is ideal for both seasoned and first-time investors seeking low overhead, consistent income, and countryside appeal. Shown by appointment only—please do not disturb tenants. Current rent roll and financials available upon request. Unit Breakdown: Unit A: 4 bed, 2.5 bath – ±2,600 SF Unit B: 4 bed, 2 bath – ±2,300 SF Unit C: 1 bed, 1.5 bath – ±1,300 SF Unit C Ground Floor: 1 bed, 1 bath (unfinished) – ±650 SF Unit D: 3 bed, 2.5 bath – ±1,500 SF Total: ±8,350 SF The ground floor of Unit C includes a framed, partially finished 1 bed/1 bath space with separate entrance, stubbed plumbing, ductwork, lighting, and onsite tub/shower and fixtures. Just needs insulation and sheetrock to finish.

• Heating Information

  • Central
  • Electric

• Cooling Information

  • Central Air

• Fire Place

  • None