1914 Cherry Stone St - Apartments FOR SALE


Norman, OK 73072
$574,000 USD
405-822-2877
1914 Cherry Stone St, Norman, OK for Sale
$574,000 USD
Apartments - FOR SALE
1/21
null | 8% Cap Rate

1914 Cherry Stone St
Norman, OK 73072


HIGHLIGHTS

  • Great Condition
  • Lots of Rent Upside
  • Same Owner for past 28 years

OVERVIEW

Great 6 unit on a quiet street just a mile from the University of Oklahoma (OU) campus. These large units are fully metered for all utilities incl garbage. There are washer/dryers in every unit and 12 parking spaces. The roof is in excellent condition and there are no deferred maintenance issues. The property has been owned by the current owner for the past 28 years. There is room to easily move rents to $850-900/mo

FOR SALE DETAILS

PRICE

$574,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

6

PRICE/UNIT

$95,667

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,131 SF

ZONING

-

APN/PARCEL ID

R0035953

ASK ABOUT THIS PROPERTY

Robert WilliamsSalt Commercial Real EstateMore Info
405-822-2877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert WilliamsSalt Commercial Real EstateMore Info
405-822-2877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.