Exceptional multifamily investment opportunity producing $40,500/yr in gross income in desirable central Oklahoma City location! Situated on a beautiful street near NW 23rd & May, a few steps away from Linwood Park. This FULLY LEASED income-producing property features a duplex plus two garage apartment units: offering a total of four rental units and approximately 2,550 square feet of living space.
Originally built in 1916, the property blends historic charm with traditional updates that help minimize maintenance and reduce ownership headaches. The duplex offers approximately 1,430 square feet, while the upper and lower garage apartments each provide approximately 560 square feet of living space.
Investors will appreciate the immediate cash flow with all units currently occupied. The property already exceeds sought-after 1% rule, making it an ATTRACTIVE ADDITION TO ANY INVESTMENT PORTFOLIO. There is also potential for increased returns through additional cosmetic improvements and operational optimization.
Located on a highly walkable street with a large landscaped median, mature trees, and consistent foot traffic, the property benefits from strong rental appeal. Enjoy all the character and charm of the surrounding historic neighborhoods.
*No sign in yard* PLEASE do not disturb tenants* More lease information and additional details are available in Realtor remarks or please call agent. Listing agent holds a beneficial ownership interest in the selling LLC.