505 SW 30th Street, Oklahoma City, OK 73109

$940,000
  • 505 SW 30th Street, Oklahoma City, OK 73109 Main Photo

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New to the Market Active
BEDS1 BATHS1 full SQUARE FEET8,176 MLS#1239178
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLOklahoma City

Property Description

Position your investors for immediate cash flow and long-term upside with this 14-unit multifamily property located in SW Oklahoma City. This value-add asset has already undergone significant operational improvements, allowing a new owner to benefit from increased revenue while minimizing the heavy lifting typically associated with repositioning a property.Over the past year, ownership has substantially increased rental rates to better align with market conditions while making meaningful capital improvements throughout the property. The units have been updated, enhancing both tenant appeal and long-term durability. The property also features new windows, improving energy efficiency, curb appeal, and reducing future maintenance concerns.A major operational enhancement includes transitioning tenants to pay their own electric service, as the property is individually metered, thus significantly reducing owner expenses and improving the property's overall operating efficiency. These changes have created a stronger income-producing asset with continued upside potential through ongoing management and future rent optimization.the property is in good overall condition and offers investors an attractive combination of stable occupancy, improved operations, and reduced deferred maintenance. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment with proven rental growth, this property presents an excellent opportunity in the Oklahoma City market.Conveniently located with easy access to major employment centers, downtown Oklahoma City, I-35, I-44, and I-240, the property benefits from strong rental demand and excellent accessibility for tenants.Don't miss the opportunity to acquire a well-positioned 14-unit apartment community where many of the value-add improvements have already been completed. Financial information is available upon request. Contact the listing agent for additional details or to schedule a private tour.

505 SW 30th Street | MLS# 1239178

This multi-family property located at 505 SW 30th Street, Oklahoma City, OK 73109 is currently listed for sale with an asking price of $940,000. SW 30th Street is located within the Oklahoma City school district. Search Oklahoma City real estate on www.ccoklahoma.com today.

Property Features

Property Type: Multi Unit - Multiple
Heating: Other
Home Style: Traditional
Lot Size: 0.32 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $6,735
Year Built: 1971

Feature Descriptions

Days on Site: 2
Exterior: Brick & Frame
Lot: Interior Lot
Lot Dimensions: United States
Parking: Concrete

Local Schools

High School: Capitol Hill HS
Middle School: Capitol Hill MS
Elementary School: Lee ES
School District: Oklahoma City

Listed By / Shown By

Listed By

Agency Name: Hamilwood Real Estate
Agent Name: Joseph Codner
Agency Phone: (405) 631-2882

Shown By

Agency Title: Chinowth & Cohen
Agency Phone: (918) 296-7950

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Estimated Payment

$ 2,927.45 per month $2,092.03 Principal & Interest $561.25 Property Tax $274.17 Homeowner's Insurance

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