Property Description

100% OCCUPIED ? LEASED THROUGH MAY/JUNE 2027 ? 3 BLOCKS TO OSU! Excellent investment opportunity within easy walking distance of Oklahoma State University! This well-maintained 6-unit apartment complex features three units upstairs and three downstairs. Each spacious unit offers approximately 970 sq. ft. with 2 bedrooms, 1 bathroom, an open-concept living room and kitchen, and a stackable washer and dryer. Granite countertops throughout, luxury vinyl plank flooring throughout. All six units were completely remodeled in Fall 2020/Spring 2021, providing updated interiors and an attractive, established rental property. A gated front courtyard creates a welcoming community atmosphere for residents, while ample on-site parking accommodates full occupancy. The property has a strong rental history and is currently 100% occupied, with all units leased through May or June 2027, providing an incoming owner with established tenants and immediate rental income. The current owner pays utilities other than tenant internet and/or cable. Beginning in May 2027, the planned utility structure is for the owner to pay water only, due to the property having a single water meter, with tenants responsible for all other applicable utilities. With its exceptional location just 3 blocks from the OSU campus, spacious 970 sq. ft. units, updated interiors, in-unit laundry, gated courtyard, adequate parking, and established occupancy, this property offers an attractive opportunity for an investor seeking a stabilized multifamily property in a highly desirable rental location. For current rental rates, rent roll information, lease details, and additional financial information, please inquire. Seller is also offering this property with 317 - 317 1/2 S. Walnut St. (duplex) as a package deal; see separate listing.

Property Features

Units

Local Schools