1838 NW 11th Street, Oklahoma City, OK 73106

Incredible opportunity to own a stabilized, fully renovated 6-unit multifamily just steps from the Plaza District and Midtown. Built in 1928 with striking Gothic Revival architecture, this historic property has been thoughtfully restored with modern systems and finishes throughout. The unit mix includes four 1 bed / 1 bath units and two studio apartments, all featuring updated plumbing, new electrical, mini-split HVAC systems, energy-efficient windows, and in-unit washer/dryer hookups. Exterior upgrades include a new roof, landscaped courtyard, concrete walkways, and a new rear parking pad. Five of six units are currently leased, producing $4,497/month in gross rent. Stabilized market rent projects to $5,200–$5,400/month. Annualized income at current occupancy is $53,964, with upside on lease renewals and the final unit. This turnkey asset is ideal for investors seeking cash flow, appreciation, and minimal deferred maintenance in one of OKC’s most desirable rental corridors. … read more …