505 SW 30th Street,Oklahoma City, OK 73109
Oklahoma City, OK 73109
Description
Position your investors for immediate cash flow and long-term upside with this 14-unit multifamily property located in SW Oklahoma City. This value-add asset has already undergone significant operational improvements, allowing a new owner to benefit from increased revenue while minimizing the heavy lifting typically associated with repositioning a property.Over the past year, ownership has substantially increased rental rates to better align with market conditions while making meaningful capital improvements throughout the property. The units have been updated, enhancing both tenant appeal and long-term durability. The property also features new windows, improving energy efficiency, curb appeal, and reducing future maintenance concerns.A major operational enhancement includes transitioning tenants to pay their own electric service, as the property is individually metered, thus significantly reducing owner expenses and improving the property's overall operating efficiency. These changes have created a stronger income-producing asset with continued upside potential through ongoing management and future rent optimization.the property is in good overall condition and offers investors an attractive combination of stable occupancy, improved operations, and reduced deferred maintenance. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment with proven rental growth, this property presents an excellent opportunity in the Oklahoma City market.Conveniently located with easy access to major employment centers, downtown Oklahoma City, I-35, I-44, and I-240, the property benefits from strong rental demand and excellent accessibility for tenants.Don't miss the opportunity to acquire a well-positioned 14-unit apartment community where many of the value-add improvements have already been completed. Financial information is available upon request. Contact the listing agent for additional details or to schedule a private tour.
Details
| MLS # | 1239178 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 60 |
| Listing Provided By | Hamilwood Real Estate | Joey Codner |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 8,176 |
| Story(s) | 2 |
Interior
| Heating | Other |
|---|
Exterior
| Lot Features | Interior Lot |
|---|---|
| Foundation Details | Slab |
Parking
| Parking Features | Concrete |
|---|
Taxes
| Okc Tax Amount | 6735.9400 |
|---|---|
| Tax Block | 1 |
| Tax Lot | 45 |
Area Information
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73109 |
| School District | Oklahoma |
| School District | Capitol Hill HS |
| Elementary School | Lee ES |
| High School | Capitol Hill HS |
| Listing VS Median (in 73109) | |
Price: $940,000 low | high Med: $169,900 sqft: 8,176 low | high Med: 1,058 $ / sqft: $115 low | high Med: $161 On site: 60 low | high Med: 20 | |
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Learn More About This Property
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73109 |
| School District | Oklahoma |
| School District | Capitol Hill HS |
| Elementary School | Lee ES |
| High School | Capitol Hill HS |
| Listing VS Median (in 73109) | |
Price: $940,000 low | high Med: $169,900 sqft: 8,176 low | high Med: 1,058 $ / sqft: $115 low | high Med: $161 On site: 60 low | high Med: 20 | |
