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(405) 308-0281
Real Estate Company
1210 N Ann Arbor Avenue, Oklahoma City, OK 73127
- $619,000
- 3
- BD
- 1,543
- SqFt
- List Price
- $619,000
- MLS#
- 1249877
- Days on Market
- 0
- Living Area
- 1,543
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 3
- Neighborhood
- Unpltd Pt Sec 27 12n 4w
Property Description
Multiple income streams and room to grow on 2.5 acres in Northwest Oklahoma City. This investment property includes two occupied single-family homes, 87 self-storage units, and 60 parking spaces, combining existing rental income with substantial available capacity. The remodeled 1-bedroom, 1-bath residence rents for $725 per month on a month-to-month lease. The second home rents for $950 per month under a new annual lease, with potential for cosmetic improvements and future rent growth. Behind the homes, the storage and parking operation features an electronic access gate and security cameras. Currently, only 38 of the combined 147 storage units and parking spaces are rented as the operation undergoes repositioning. Marketing has historically been limited to on-site signage, creating an opportunity to increase occupancy through an online presence and active management. Storage and parking currently brings in $1,964 per month in gross rental income, with room to grow through increased occupancy. Historical gross revenue exceeded $36,000 in 2024, while utility and lawn-care expenses totaled just over $2,500 in 2023. Current and historical financial information is available for review. With established infrastructure, two leased residences, and significant storage and parking availability, this property offers an opportunity to build on an existing operation and expand income through improved visibility and increased occupancy. Contact us to schedule a showing and request financials.
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Additional Information
- Construction
- Brick & Frame, Other, Stone
- Year Built
- 1985
- School District
- Putnam City
- Elementary School
- Hilldale ES
- Middle School
- Mayfield MS
- High School
- Putnam City HS
- Roof
- Composition
- Appliances
- Refrigerator, Water Heater
- Cooling
- Electric
- Heating
- Natural Gas
- Lot Description
- Interior Lot, Other
- Lot Size
- 107,763
- Acres
- 2.47
- Foundation
- Combination
Courtesy of Kiera Underwood and Bailee & Co. Real Estate. (405) 982-0909
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