1812 NW 23rd Street
$179,990
**Investor Special Across from OCU - Prime Rental Potential!**
Opportunity is knocking just steps from Oklahoma City University! This 3-bed, 1-bath fixer-upper is packed with potential and perfectly positioned for a savvy investor looking to tap into the high-demand student rental market. Whether you're just starting out or expanding your portfolio, this is a value-add opportunity you won't want to miss.
Inside, you'll find three sizable bedrooms, two living areas, and two separate entrances--making it ideal for renting by the room or reconfiguring for multi-tenant use. The standout feature is a rare walk-out basement (approx. 1000 SF) that includes a charming wood-paneled room that makes it a prime candidate for conversion into an efficiency apartment with its own private back entrance.
The generous lot offers ample parking in both front and back, a major perk for student tenants. Zoned R-2, the property offers flexibility of use, and with the right vision, it could qualify for a SPUD (Simplified Planned Unit Development) to allow for light commercial or multifamily possibilities.
Want more potential? With city approval, the large backyard could accommodate an additional apartment or small unit--plenty of space to work with for future expansion.
Additional highlights: Newer HVAC system,
Directly across from campus - unbeatable location, and an Ideal layout for multi-unit conversion or co-living rental model.
With the location, layout, and zoning on your side, this one's a no-brainer for anyone looking to create consistent cash flow near a major university. **Sold as-is - bring your vision and unlock the potential!**