20 SW 23rd Street, Oklahoma City, OK 73109

$263,000
2,862
SqFt

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Sold Price
$263,000
List Price
$299,000
MLS#
1108910
Closing Date
Jul 12, 2024
Living Area
2,862
Status
CLOSED
Type
Multifamily

Property Description

***Motivated seller. BRRRR opportunity. Property being sold "As-is"*** Welcome to your next investment opportunity at 20 SW 23rd St, OKC, OK, 73109! This 6-unit apartment complex, strategically located near downtown OKC and just a 2-minute drive from the Paycom Center, is a savvy investor's dream. The landlord takes care of all bills, making this property easy to keep full. With current rents below market value, there's substantial room for growth, ensuring a solid return on investment. Take a closer look at the individual units: Unit 1: A spacious 2-bed, 1-bath currently rented at $725, but the market supports $925. Unit 2: Another 2-bed, 1-bath unit, currently vacant, with the potential to increase to the market rate of $925. Unit 3: A comfortable 1-bed, 1-bath apartment currently rented at $725, and the market suggests an increase to $750. Unit 4: This 1-bed, 1-bath unit commands a rent of $775 which is right at market value. Unit 5: Another 1-bed, 1-bath currently rented at $725, with the market supporting an increase to $750. Unit 6: A 1-bed, 1-bath unit, currently vacant, presenting a fantastic opportunity to set the rent at the market rate of $750. With its prime location, landlord pays all bills, and the potential for increased rental income, this apartment complex near downtown OKC is not to be missed. Seize the opportunity to maximize your investment returns and schedule a showing today!

Additional Information

Construction
Frame
Year Built
1935
School District
Oklahoma City
Elementary School
Wheeler ES
Middle School
Webster MS
High School
Capitol Hill HS
Roof
Composition
Cooling
Other
Heating
Other
Lot Description
Interior Lot
Lot Size
7,000
Foundation
Slab

Courtesy of Breann Green and H&W Realty Branch. 405-400-0704

Selling Office: Capital Real Estate LLC.

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