505 SW 30th Street, Oklahoma City, OK 73109

$940,000
1
BD
8,176
SqFt

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List Price
$940,000
MLS#
1239178
Days on Market
16
Living Area
8,176
Status
ACTIVE
Type
Multifamily
Bedrooms
1
Neighborhood
Markland Heights Add

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.

Additional Information

Construction
Brick & Frame
Year Built
1971
School District
Oklahoma City
Elementary School
Lee ES
Middle School
Capitol Hill MS
High School
Capitol Hill HS
Roof
Shingle
Cooling
Window Unit(s)
Heating
Other
Lot Description
Interior Lot
Lot Size
14,000
Foundation
Slab

Courtesy of Joseph Codner and Hamilwood Real Estate. (405) 631-2882

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