3204 S Portland Avenue, Oklahoma City, OK 73119
- $770,000
- 22
- BD
- 11
- BA
- 6,600
- SqFt
- List Price
- $770,000
- MLS#
- 1244036
- Days on Market
- 0
- Living Area
- 6,600
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 22
- Full Bathrooms
- 11
- Neighborhood
- Roger Givens Southwest Add
Property Description
Eleven unit multifamily portfolio plus a buildable lot, sold together as one package in Oklahoma City, Oklahoma. Two single-story apartment buildings. One six unit building, one five unit building, producing $8,440 per month / $101,280 annually in gross income, with an all 2 bedroom 1 bathroom unit mix that leases fast and turns cheap. Single-story construction means no stairwells, no elevator, and lower maintenance, insurance, and turnover costs than two-story product. One repeatable floor plan across all eleven doors makes this portfolio easy to manage, easy to underwrite, and easy to scale. The vacant adjacent lot creates room for additional units and additional income. Strong fit for buy and hold investors, 1031 exchange buyers, and value-add operators. Rent roll and pro forma available. Eleven doors, three parcels, one closing. Do not walk the property or talk to the tenants without the written permission of the listing realtor.
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Additional Information
- Construction
- Brick & Frame
- Year Built
- 1950
- School District
- Oklahoma City
- Elementary School
- Adams ES
- Middle School
- Roosevelt MS
- High School
- U. S. Grant HS
- Roof
- Composition
- Lot Description
- Corner Lot, Infill Lot
- Lot Size
- 11,250
- Foundation
- Conventional
Courtesy of Braxton Heard and Homestead + Co. (405) 509-0541
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