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4-unit building consisting of 3,650 square feet combined; all two bedroom/1.5 baths at $685. Each unit has stackable washer/dryers, dishwasher and HVAC and also has fenced backyard with patio and two parking spaces.
City water, sewer and trash; water/sewer and electric are individually metered and directly billed to the tenants; there is no gas, all electric units and owner pays for a dumpster and weekly garbage removal.
*Bulk Sale Option! Please request Offering Memorandum for more information on Additional OFF-MARKET Property Information.
Property is set over two parcels totaling almost threequarters of an acre and is located in a residential area, less than one mile from SW Expressway 44 and shopping.
POPULATION GROWTH OF 11% SINCE 2010 - Oklahoma City is the capital and largest city of Oklahoma, the county seat of Oklahoma County and ranks 27th among United States cities in population. The estimated 2017 population 643,648 represents an 11% increase on the 2010 Census level.
HOME VALUES STILL RISING - The median home value in Oklahoma City is $128,500. Oklahoma City home values have gone up 2.3% over the past year and Zillow predicts they will rise 1.6% within the next year. The median rent price in Oklahoma City is $995, which is lower than the Oklahoma City Metro median of $1,095. (Zillow, Jan-2019)
DIVERSE ECONOMY - Lying in the Great Plains region, Oklahoma City has one of the world's largest livestock markets. Oil, natural gas, petroleum products and related industries are the largest sector of the local economy. The city is in the middle of an active oil field and oil derricks dot the capitol grounds. The federal government employs large numbers of workers at Tinker Air Force Base and the United States Department of Transportation's Mike Monroney Aeronautical Center, a major FAA center.
NORTHWEST OKLAHOMA CITY - The subject property is located NW of Downtown in the May-Penn neighborhood which lies south of I-44/Route 66 between N May Ave and N Pennsylvania Ave. The project is a quick 15-minute and approximate 7-mile drive from Downtown Oklahoma City. NW 36th St is a major E-W arterial and I-44/Route 66 can be accessed about a 1/2 mile to the north via N May Ave, a major N-S arterial.
Stratton Group of Keller Williams Platinum Realty
5931 N. Oracle Rd., Ste. 201
Tucson, AZ 85704
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