Home Details for 1627 S 17th Street

Seize the opportunity to restore and revitalize this 37-unit apartment complex, ideally located right NEXT DOOR to the University of Science and Arts of Oklahoma. This property presents an exceptional project for developers and investors looking for a significant value-add opportunity. The complex suffered fire damage that originated in the shared laundry mat and affected approximately 5 apartments, and has since been abandoned making it the perfect blank canvas for redevelopment. While abandoned an additional fire damaged 2 of the north bottom apartments. Each unit offers spacious layouts, and most apartments come with their own balcony, perfect for enjoying the outdoors. Additionally, the property features a large courtyard that would be an ideal setting to add a pool/hot tub spa, enhancing the overall appeal and rental potential of the complex. TPO roof was installed to the North and South buildings in 2022. It gets even better, 1615 S 17th St is also included in this sale. 2 bed 1 bath 1,060 sq ft. This is a rare chance to take on a project with immense potential. Bring your creativity, team, and resources to transform this distressed property into a profitable investment. Don’t miss out on this unique investor special! Contact us today for more details and to schedule a tour. Photos are from after fire and when property was open and operating.