2 Beds
2 Baths
6,930 SqFt
2 Beds
2 Baths
6,930 SqFt
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,930 sqft
Price per Sqft $97
MLS Listing ID OKC1252640
Style Traditional
Bedrooms 2
Full Baths 1
Half Baths 1
Construction Status Brick & Frame
HOA Fees $4,020
Year Built 1976
Annual Tax Amount $647
Property Sub-Type Other
Property Description
Expand your portfolio with seven well-maintained condos, each offering 2 bedrooms, 1.5 bathrooms, and an open living and kitchen layout. Current scheduled rental income totals $8,000 monthly, or $96,000 annually. Estimated annual net operating income is $63,513, reflecting an approximately 9.41% cap rate at the asking price.
HOA dues of $335 per unit monthly include gas, water, trash removal, lawn care, landscaping, exterior building maintenance, and roof maintenance and repairs. The HOA also maintains and repairs plumbing inside walls and underground, sewer lines, water lines, gas lines, and hot water tanks. Hot water tanks and heating systems are gas-powered.
Association insurance covers building exteriors and common areas; it does not cover tenants' personal belongings or unit interior contents. Tenants pay electricity and are responsible for interior upkeep as outlined in their leases, excluding HOA-covered items. Renters insurance is strongly encouraged.
Community amenities include a swimming pool, on-site laundry facility, and reserved parking. Conveniently located near I-44, NW Expressway, medical centers, shopping, dining, and parks.
Package includes 3524 NW 51st St, Units 3 and 7; 3532 NW 51st St, Units 201 and 204; and 3536 NW 51st St, Units 303, 306, and 307. Total package price: $675,000.
Location
State OK
County Oklahoma
Interior
Heating Natural Gas
Cooling Electric
Fireplaces Number 1
Fireplaces Type Masonry
Fireplace Y
Exterior
Roof Type Composition
Building
Lot Description Interior Lot
Foundation Slab
Architectural Style Traditional
Level or Stories Multi
Structure Type Brick & Frame
Construction Status Brick & Frame
Schools
Elementary Schools Monroe Es
Middle Schools John Marshall Ms
High Schools John Marshall Hs
School District Oklahoma City
Nearby Locations
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