Anahita Amiryeganeh
REALTOR-ASSOCIATE®
SQUARE FEET9,438
MLS#1213691
STATUSActive
PROPERTY TYPECommercial - Business
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
Property Type: Commercial - Business
Lot Size: 0.48 Acres
Stories: 2.0
Taxes: $7,563
Year Built: 1929
Feature Descriptions
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: Spearhead Realty Group LLC
Agency Phone: 405-493-8144
Agent Name: Thao Nguyen-Pham
Shown By
Agent Name: Anahita Amiryeganeh
Agent Phone: (918) 810-0743
Agency Title: Chinowth & Cohen
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521 SW 24th Street | MLS# 1213691
This commercial property located at 521 SW 24th Street, Oklahoma City, OK 73109 is currently listed for sale with an asking price of $850,000. Search Oklahoma City real estate on aamiryeganeh.ccoklahoma.com today.