UPDATED:
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,002 sqft
Price per Sqft $94
MLS Listing ID OKC1204687
Style Traditional
Bedrooms 1
Full Baths 1
Construction Status Brick
Year Built 1967
Annual Tax Amount $4,339
Lot Size 0.317 Acres
Property Sub-Type More Than 4 Units
Property Description
All 8 units are currently on lease, each featuring 1 large master bedroom and 1 full tub/shower bath, with refrigerator and stove included, spacious living and dining area, walk-in closet in the bedroom, and updates to flooring, paint, and fixtures as they've been needed.
The exterior has been freshly painted for low/reduced future maintenance costs, and the interior common areas, utility room, and hallways have all new wood plank style flooring, paint, light fixtures, carpet on the stairs, and refinished woodwork for a bright and welcoming shared space.
The on-site laundry room facilities with coin-operated machines provide convenience to tenants, as well as an additional monthly income source that adds to the property's ROI. - The upstairs storage room could also be converted to a second laundry room to double the monthly ancillary income and add thousands of dollars a year to your bottom line.
The outdoor patio space provides a relaxing spot to hang out and grill, or gather with friends, and the shaded yard offers a parklike setting for kids or pets. Ample parking is available for all tenants, and there are 2 designated handicapped spots for assistance with accessibility for those who need it.
Don't miss out on this rare chance to get 8 doors under one roof, with close to a 1-1 Rental Income to Purchase Price ratio that is almost impossible to find in today's market! If you're looking for a unicorn, the Gramercy is it!
Location
State OK
County Oklahoma
Interior
Heating Central Gas
Cooling Central Elec
Fireplace N
Appliance Refrigerator, Washer/Dryer, Water Heater
Exterior
Parking Features Additional Parking, Concrete
Garage Description Additional Parking, Concrete
Roof Type Composition
Building
Lot Description Interior Lot
Story 2
Foundation Slab
Architectural Style Traditional
Level or Stories Two
Structure Type Brick
Construction Status Brick
Schools
Elementary Schools Cleveland Es
Middle Schools Taft Ms
High Schools Northwest Classen Hs
School District Oklahoma City
Others
Miscellaneous Fire Escape,Inside Storage,Security Lighting,Separate Meters,Tenant Pays Utils
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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