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806 N Washington St 6 Unit Apartment Building $904,556 CAD ($150,759 CAD/Unit) 10.58% Cap Rate Ardmore, OK 73401
EXECUTIVE SUMMARY
Excellent investment opportunity in Ardmore! This fully occupied 6-unit multi-family property offers approximately 5,400 SF of rentable space with an 10.57% cap rate. Tenants pay electric; owner pays water and trash. Low expenses with strong cash flow and stable tenant base. Conveniently located near downtown Ardmore with easy access to amenities. Onsite parking lot included. Full value-add potential allows for future rent growth and increased returns. A great starter investment with upside. Free & Clear or Loan Assumption, 100% Occupancy Rate since May 2025. Fully occupied cash flowing asset with solid financials, value add opportunities.
PROPERTY FACTS
| Price | $904,556 CAD | Building Class | C |
| Price Per Unit | $150,759 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 5,454 SF |
| Cap Rate | 10.58% | Average Occupancy | 67% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Multi-Family | ||
| Price | $904,556 CAD |
| Price Per Unit | $150,759 CAD |
| Sale Type | Investment |
| Cap Rate | 10.58% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 5,454 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | Commercial - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Refrigerator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 0010-00-136-002-0-001-00 | Improvements Assessment | $12,580 CAD |
| Land Assessment | $6,030 CAD | Total Assessment | $18,610 CAD |
PROPERTY TAXES
Parcel Number
0010-00-136-002-0-001-00
Land Assessment
$6,030 CAD
Improvements Assessment
$12,580 CAD
Total Assessment
$18,610 CAD
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806 N Washington St
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