OK
Oklahoma
Oklahoma City
73109
521 SW 24th Street
521 SW 24th Street, Oklahoma City, OK 73109
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Listing Type
Commercial/Industrial
Listing Status
Active
49
$850,000

Home Details for 521 SW 24th Street

Price
$850,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
9438
Year built
1929
County
Oklahoma
Garage
Days on site
17
MLS Listing#
1213691
Property Description

This solid brick 12-unit apartment community offers a strong blend of stable cash flow and value-add upside in the Historic Capitol Hill District of Oklahoma City. The property consists of three separate buildings, each with four units, and features a desirable unit mix of twelve 1-bedroom, 1-bath units, each with charming mock fireplaces. Roof was replaced 2017 and newer windows in most units. The property is currently 100% occupied, with some tenants receiving City's rental assistance, providing immediate and reliable income. Some units have under market rent which gives rooms for potential higher cash flow in the future. A storage building at the rear of the property offers additional upside and could be converted into a laundry facility for extra revenue. With strong rental demand in the area and further potential through continued improvements, this is an excellent opportunity for an investor seeking steady cash flow today with room to grow returns tomorrow. The listing agent has equitable interest in the property.

Property Features
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: Spearhead Realty Group LLC - 405-493-8144
Presented by: Thao Nguyen-Pham
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Market statistics compiled from data from Oklahoma City Metropolitan Association of REALTORS.
EXIT REALTY PREMIER
3705 W. Memorial Rd Suite 1405, Oklahoma City, OK 73134
Vada Dwaileebe
License #: 171732
Franchisee
Office
405 703 3565
Agent
405 496 2928
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