521 SW 24th ST, Oklahoma City, OK 73109
521 SW 24th ST, Oklahoma City, OK 73109
521 SW 24th ST, Oklahoma City, OK 73109
521 SW 24th ST, Oklahoma City, OK 73109
521 SW 24th ST, Oklahoma City, OK 73109
521 SW 24th ST, Oklahoma City, OK 73109
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Listed by Thao Nguyen-Pham • Spearhead Realty Group LLC
$ 850,000
Est. payment | /mo

9,438 SqFt

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$ 850,000
Est. payment | /mo
Save

9,438 SqFt

Key Details

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 9,438 sqft

Price per Sqft $90

MLS Listing ID OKC1216388

Style Traditional

Construction Status Brick

Year Built 1929

Annual Tax Amount $7,563

Lot Size 0.482 Acres

Property Sub-Type More Than 4 Units

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.
Disclosure: The listing agent has equitable interest in the property.

Location

State OK

County Oklahoma

Interior

Fireplace N

Exterior

Roof Type Composition

Building

Lot Description Interior Lot

Story 2

Foundation Slab

Architectural Style Traditional

Structure Type Brick

Construction Status Brick

Schools

Elementary Schools Lee Es

Middle Schools Capitol Hill Ms

High Schools Capitol Hill Hs

School District Oklahoma City

Multiple Listing Service of Oklahoma (MLSOK)

Nearby Locations

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521 SW 24th ST