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6816 Woodlake Drive

Oklahoma City, OK 73132
  • $1,899,000
  • STATUS: Pending
  • ON SITE: 33 Days
  • MLS #: 976393
Pending
UPDATED: 19 min ago
$1,899,000
  • 40
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Offered by Chip Adams of Adams Family Real Estate Llc.

Description

Fantastic opportunity to own 8 contiguous, well maintained duplexes (16 units total) in an area of NW OKC! Located across from and within one block of Tulakes Elementary School. All units are currently rented with the exception of one 2 bed which was left vacant exclusively for showing purposes. Instant appreciation potential as rents are currently 10-20% below market and virtually all rents can be raised within one year! Very low vacancy rates historically as included amenities such as location , # of baths and garage size are desired in the market. Half the units are 2 bed, 2 1/2 bath, 2 car garages (1,200 SF MOL) and half are 3 bed, 2 to 2 1/2 bath, 2 car garages with one conversion (1,300 SF MOL) and all have fireplaces. All units are total electric. See attachments for current rent roll and P & L for the last 2 years. Self-managed (2020) NOI $127,521. (2021) projected NOI $127,000. Cap rate 6.7%. TO BE SOLD AS PACKAGE ONLY! PLEASE DO NOT DISTURB TENANTS!

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©2021 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy or authenticity of the data contained herein. Information is subject to verification by all parties and is subject to transcription and transmission errors. All information is provided “as is”. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Data last updated: 2021-10-24T18:01:56.827.
www.merakirealestate.com/homes/121595165
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6816 Woodlake Drive Oklahoma City, OK 73132

  • Price: $1,899,000
  • Status: Pending
  • Updated: 19 min ago
  • MLS #: 976393
40
Beds
0
Baths
0
½ Baths
N/A
Acres
1975
Built
Neighborhood:
Woodlake Amd
County:
Oklahoma
Elementary School:
Tulakes Es
Middle School:
Cooper Ms
High School:
Putnam City Hs
School District:
Putnam City
Property Description
Fantastic opportunity to own 8 contiguous, well maintained duplexes (16 units total) in an area of NW OKC! Located across from and within one block of Tulakes Elementary School. All units are currently rented with the exception of one 2 bed which was left vacant exclusively for showing purposes. Instant appreciation potential as rents are currently 10-20% below market and virtually all rents can be raised within one year! Very low vacancy rates historically as included amenities such as location , # of baths and garage size are desired in the market. Half the units are 2 bed, 2 1/2 bath, 2 car garages (1,200 SF MOL) and half are 3 bed, 2 to 2 1/2 bath, 2 car garages with one conversion (1,300 SF MOL) and all have fireplaces. All units are total electric. See attachments for current rent roll and P & L for the last 2 years. Self-managed (2020) NOI $127,521. (2021) projected NOI $127,000. Cap rate 6.7%. TO BE SOLD AS PACKAGE ONLY! PLEASE DO NOT DISTURB TENANTS!
Exterior Features

Construction Brick & Frame Roof Composition Style Traditional

Interior Features

Baths Total 0.00 Cooling System Central Elec Foundation Slab Heat System Central Electric Property Level Two

Property Features

Conditions Affecting Sale None Mandatory Association Dues YN No Property Sub Type More Than 4 Units Year Built Type Existing

©2021 MLSOK, Inc.
Listing provided courtesy of Chip Adams of Adams Family Real Estate Llc.


©2021 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy or authenticity of the data contained herein. Information is subject to verification by all parties and is subject to transcription and transmission errors. All information is provided “as is”. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Data last updated: 2021-10-24T18:01:56.827.
 
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Meraki Real Estate
708 24th Avenue
Norman OK, 73069
Offered by Chip Adams of Adams Family Real Estate Llc.