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1210 N Ann Arbor Avenue, Oklahoma City, OK 73127

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For Sale

$619,000

3 beds • 2 baths • 1,543 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $401.17
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

Unlock the potential of this versatile 2.5-acre property, featuring two occupied single-family homes, 87 storage units, and 60 parking spaces, all located in the heart of thriving Northwest Oklahoma City. One of the single-family homes is a beautifully remodeled 1-bedroom, 1-bath unit, currently leased at $800 per month, providing immediate rental income. The second home presents a great value-add opportunity, with long-term tenants on a month-to-month lease at $675 per month. With some cosmetic updates, this home is primed for a rent increase and added value. Behind the homes, the self-storage facility offers 87 units and 60 parking spaces. Currently, 61 of the storage units and 36 parking spaces are leased, generating solid cash flow. However, there is significant untapped potential the only existing advertising is on-site signage, leaving ample opportunity to increase visibility and occupancy through targeted outreach and promotions. The facility is well-secured with an electronic gate and security cameras. In terms of income potential, the 2024 projections for the self-storage units and parking spaces alone are over $36,000 in gross revenue. With low scheduled expenses just over $2,500 in 2023 for water, electricity, and lawn care this property offers a highly attractive return on investment. This property is a rare opportunity for an investor seeking immediate cash flow with substantial future growth potential. With strong existing income, low operating expenses, and plenty of room for expansion, it offers excellent long-term value. Contact us today to explore this exciting opportunity!
MLS# 1140730

Courtesy Of Table Property Network

(405) 757-8074

Property Features

  • Age
    31-40 Years Old
  • Amenities
    Dock
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Lot Size
    2.47 Acres

Map and Directions

Directions to 1210 N Ann Arbor Avenue, Oklahoma City, OK 73127

Home seller CENTURY 21 Judge Fite Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Judge Fite Company

(405) 736-0127
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Monthly Payment Breakdown

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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