1210 N Ann Arbor AVE Active Save Request In-Person Tour Request Virtual Tour
Oklahoma City,OK 73127
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,543 sqft
Price per Sqft $401
MLS Listing ID OKC1140730
Style Other
Bedrooms 3
Full Baths 2
Year Built 1985
Annual Tax Amount $5,572
Lot Size 2.474 Acres
Property Sub-Type More Than 4 Units
Property Description
Unlock the potential of this versatile 2.5-acre property, featuring two occupied single-family homes, 87 storage units, and 60 parking spaces, all located in the heart of thriving Northwest Oklahoma City. One of the single-family homes is a beautifully remodeled 1-bedroom, 1-bath unit, currently leased at $800 per month, providing immediate rental income. The second home presents a great value-add opportunity, with long-term tenants on a month-to-month lease at $675 per month. With some cosmetic updates, this home is primed for a rent increase and added value.
Behind the homes, the self-storage facility offers 87 units and 60 parking spaces. Currently, 61 of the storage units and 36 parking spaces are leased, generating solid cash flow. However, there is significant untapped potential—the only existing advertising is on-site signage, leaving ample opportunity to increase visibility and occupancy through targeted outreach and promotions. The facility is well-secured with an electronic gate and security cameras.
In terms of income potential, the 2024 projections for the self-storage units and parking spaces alone are over $36,000 in gross revenue. With low scheduled expenses—just over $2,500 in 2023 for water, electricity, and lawn care—this property offers a highly attractive return on investment.
This property is a rare opportunity for an investor seeking immediate cash flow with substantial future growth potential. With strong existing income, low operating expenses, and plenty of room for expansion, it offers excellent long-term value. Contact us today to explore this exciting opportunity!
Location
State OK
County Oklahoma
Exterior
Parking Features Concrete,Gravel,RV Parking
Garage Description Concrete,Gravel,RV Parking
Roof Type Composition
Building
Lot Description Interior Lot,Other
Foundation Combination
Structure Type Brick & Frame,Other
Schools
Elementary Schools Hilldale Es
Middle Schools Mayfield Ms
High Schools Putnam City Hs
School District Putnam City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/okc/1140730