7.4% cap rate Tulsa property without the taxes and bureaucracy, located in an unincorporated area adjacent to The Oaks country club. This 5-unit property includes two lots (one parcel) and has 3 units in the front and 2 units in the back. It’s a turn-key investment opportunity with 4 of 5 units currently leased and generating income. Many upgrades have been completed including the 2 rear units which are completely new from the studs out. The front 3 units have upgrades to electrical, HVAC, interior/exterior paint, and more. The property offers a strong foundation for cash flow, with the added upside of renovating the existing pool, adding storage, space for more units/parking, and opportunity for utility billback. Whether you’re looking to add to your portfolio or secure your first multifamily investment, this property combines immediate income with significant growth potential. Unit Mix: Front- Large 3/2 with 2 living, 2 dining areas, and 2 car garage, 1/1, and 1/1. Back- 3/1 and 1/1.
Property Features
Heating Information
Central
Ductless
Electric
Cooling Information
Central Air
Ductless
Utilities
Electricity Available
Water Available
Basement
Crawl Space
Partial
Water Features
Public
Listing Courtesy: The Property Center LLC - 405-355-2500
Presented by: Cara Sides
Listings courtesy of the Northeast Oklahoma Real Estate Systems. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers
may be interested in purchasing. The data is deemed reliable but is not guaranteed
accurate by the Northeast Oklahoma Real Estate Systems.
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Northeast Oklahoma Real Estate Systems / Greater Tulsa AOR.