$1,295,000
For Sale

1825 N College

Tulsa, OK 74110
13986 sqft | 0.52 acres | #2320394
Browse 26 photos
Type:Purchase
Structure:Condo
Zone:Commercial

Description

Completely remodeled 20-unit apartment complex: four 1-bed/1-bath AND sixteen 2-bed/1-bath units. Built in 1985, this property features a long list of updates and upgrades. New double-paned vinyl windows, new paint throughout, new appliances, washers & dryers in community laundey room, flooring, and many more! Calling all investors! Current owner split all electric and gas meters, providing a unique opportunity for future owner to continue to shift the burden of electric and gas expense to tenants, thus increasing NOI. Note: the meters are already in place for a full cutover of electric and gas. The utility conversion process is underway. Covered balconies & walkways. Two buildings. Central parking lot. Laundry room. Central HVAC!
Financial reports and a rent rolls are available upon request. The reports also show the benefits of the utility shift to the tenants. Property generally remains over 90% occupied. Come see!

  • Property Details
      • Exterior FeaturesDoor Sign, Dumpster, Lighting
      • Property SubtypeApartment/5+ Units
      • InteriorCable TV Wired
      • Property TypePurchase
      • MLS #2320394
      • Cost1295000
      • MLS #2320394
      • Acres0.515
      • Square Feet13986
      • Year Built1985
      • Days On Market4

Location

Sprik Realty GroupReal Estate Group
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Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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