$1,100,000
bedrooms
14
bathrooms
14
square feet
7,142
Acreage
-
Open Houses
-
year built
1924
Full Baths
14
Half Baths
0
Turnkey 14-Unit Multifamily Investment in Prime OKC Location – Renovated & Cash-Flowing. An exceptional opportunity to acquire a renovated, cash-flowing 14-unit multifamily property in one of Oklahoma City’s most vibrant and walkable neighborhoods—just steps from the popular Paseo Arts District and NW 23rd Street’s shops and restaurants. This well-located asset offers strong in-place income, value-add potential, and minimal maintenance, making it ideal for both seasoned and first-time investors. The property is currently 80% occupied and generates approximately $9,155/month in rental income, with a projected gross income of $11,780/month or $141,360/year at full occupancy. Unit Mix: 8 One-Bedroom / One-Bath Units (Average Rent: $1,000), 6 Efficiency Units (Average Rent: $675). Recent Capital Improvements Include: New roof on efficiency buildings, All-new plumbing and updated electrical in efficiency units, Brand-new mini-split HVAC systems and windows in efficiency units, fully renovated bathrooms in all efficiency units, Renovated interiors of main building 1-bedroom units 2, 3, 4, & 8. Unit 5 features new paint and a modern kitchen, and New appliances throughout. 4 new and 2 three year old hot water, tanks, and New laundry room with 3 hookups including 2 new washer/dryers. Upgraded common areas: new flooring and fresh paint in main building. Exterior enhancements: new concrete courtyard, gazebo, fencing, and gated entry. Financial Highlights: Estimated operating expenses: $2,127/month or $25,524/year. With a typical 25% down and a 6.75% interest rate, the estimated mortgage is approx. $7,500/month with taxes and insurance included in the payment. Healthy monthly cash flow even at current occupancy. This is a rare chance to acquire a stabilized high-demand rental market. Whether you're looking to expand your portfolio or invest in a low-maintenance property with long-term upside. Checks all of the boxes! Efficiency units 1430 sqft and main building 5712 sqft.
| Location | |
| Subdivision | - |
| County | Oklahoma |
| Elementary School | Wilson ES |
| Middle School | Moon MS |
| High School | Douglass HS |
Open houses
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MLS number: 1163724
Listing agent:
Victory Reneau Razavi
#176217
Listing broker:
Whittington Realty Llc
(405) 703-4100
Copyright © 2025 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Thursday, April 10 2025 at 9:14 p.m. EDT
Kotohomes National