Log In/Sign Up
Your email has been sent.
Lincoln Court Apartments 801-803 East Dr 13 Unit Apartment Building $1,501,654 CAD ($115,512 CAD/Unit) 6% Cap Rate Oklahoma City, OK 73105
Executive Summary
Incredible opportunity to purchase an occupied and stabilized, 13 unit (13th unit renovation needs to be completed) multi-family property in the heart of Lincoln Terrace Just minutes from the Medical District and State Capitol. 12 units have been tastefully remodeled/updated (approx 250k spent over the last 7 years) and are ready for turn-key operation. There are so many updates it’s hard to list them all: Updated plumbing in 98% of the building, Most electrical panels updated, New Windows in 80% of building, New insulation in attic, New fencing around property, All AC’s except for 2 have been updated, front porches updated with new concrete and fence, New hot water tanks and Remodeled laundry room. The laundry room is an additional income stream to the property. The complex consists of ten 1 bed/1 bath units and two 2 bed/1 bath units. This complex has been nicely modernized while leaving many original features that accentuate its historic charm. Don't miss your chance to add this turn key, income producing property to your portfolio! FINANCIALS AND RENT ROLL AVAILABLE upon request.
Property Facts
| Price | $1,501,654 CAD | Building Class | C |
| Price Per Unit | $115,512 CAD | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 9,797 SF |
| Cap Rate | 6% | No. Stories | 2 |
| No. Units | 13 | Year Built/Renovated | 1927/2024 |
| Property Type | Multifamily | Parking Ratio | 1.22/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,501,654 CAD |
| Price Per Unit | $115,512 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 9,797 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1927/2024 |
| Parking Ratio | 1.22/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 034676925 | Improvements Assessment | $90,181 CAD |
| Land Assessment | $5,418 CAD | Total Assessment | $95,599 CAD |
Property Taxes
Parcel Number
034676925
Land Assessment
$5,418 CAD
Improvements Assessment
$90,181 CAD
Total Assessment
$95,599 CAD
1 of 28
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lincoln Court Apartments | 801-803 East Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.