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800 East Drive

$1,207,000
800 East Drive, Oklahoma City, OK 73105
800 East Drive

800 East Drive

$1,207,000

Introducing a 15-unit apartment complex in Historic Lincoln Terrace. This well-located property is close to OU Medical Center and Downtown OKC. The complex features 12 one-bedroom units and 3 studios, all variably updated as tenants moved out with new flooring, kitchen and bathroom updates, fresh paint, and more. Each unit has a balcony or porch, there are no Section 8 tenants, and on site laundry room. Other improvements include replacing all 4 sewer lines, a new roof on one building in 2022, a repaved parking lot. Currently 80% occupied, with 3 vacant units for lease (one being filled in August.) All but 3 units metered separately for Electric, and some units have utility chargebacks and could be added to others. There is still room for additional upside with increasing rents of at least 7 units and there are 3 basement units that could be converted or used to provide storage for every unit. Ideal for investors seeking a historic yet modernized property in a prime location. Don't miss this opportunity!
Kaci Kaiser
Kaci Kaiser Contact
Kylie Drake
Kylie Drake Contact

Features & Amenities

Interior

Total Bedrooms 15
Total Bathrooms 15
Full Bathrooms 15
Fireplace None
Appliances Refrigerator, Water Heater

Exterior

Stories 2
ROOF Composition
Lot Features Interior Lot
Parking Additional Parking, Concrete, Driveway
Heat type Central, Electric
Air Conditioning Central Air, Gas

Area & Lot

Status Sold
LIVING SPACE 9,092 Sq.Ft.
LOT SIZE 0.34 Acres
MLS® ID 1070623
Type Multi-Family
Year Built 1928
Architecture Styles Tudor
ELEMENTARY SCHOOL Wilson ES
MIDDLE SCHOOL Moon MS
HIGH SCHOOL Douglass HS
School District Oklahoma City

Financial

SALES PRICE $1,207,000
REAL ESTATE TAXES $11,198/yr
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