4520 Indiana AveOklahoma City, OK 73118

For Sale
$625,000
Four fully leased properties, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a portfolio of four fully leased single-family homes located in Oklahoma City, Oklahoma. The properties, situated at 4520 N Indiana Ave (73118), 5806 NW 24th St (73127), 5843 NW 24th St (73127), and 1631 NW 44th st (73112), offer a combined total of four units and are currently generating a Net Operating Income (NOI) of $33,000 annually, with a projected NOI of $40,000. The asking price for the entire portfolio is $625,000, representing a current cap rate of 5.28% and a pro-forma cap rate of 6.40%. All units are currently 100% occupied, with the occupancy date extending to September 12, 2024. This stabilized investment boasts significant upside potential due to below-market rents. Current rents are significantly below market value, presenting an immediate opportunity to increase rental income and boost the overall return on investment. The portfolio's location within Oklahoma City provides access to a thriving rental market, ensuring consistent demand and long-term stability. This is a compelling opportunity for investors seeking a value-add investment with immediate potential for increased cash flow and a strong return on investment. The portfolio offers a blend of stability from existing leases and significant growth potential through rental increases, making it an attractive option for experienced investors. Financial details include a current annual rent of $42,000 and a projected annual rent of $64,800 after market adjustments. This represents a compelling investment opportunity in a growing market.

Highlights

  • $625,000 portfolio purchase price for four fully leased single-family homes in Oklahoma City.
  • Four fully leased properties with long-term tenants.
  • Current annual rent of $42,000.
  • Projected annual rent of $64,800 after market rent adjustments.
  • Individual property details and comparable values provided.
  • Significant below-market rents offer immediate value-add potential.

Property Details for 4520 Indiana Ave

Property type
Residential income homes
Class
C
Units
4

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.517799595243
Longitude
-97.541600560677
4520 Indiana Ave, Oklahoma City, Oklahoma

FAQs

What type of property is this?
Residential income home - Four fully leased properties, strong ROI.
Where is the residential income home located?
The property is located at 4520 Indiana Ave Oklahoma City, OK.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: $625,000 portfolio purchase price for four fully leased single-family homes in Oklahoma City.; Four fully leased properties with long-term tenants.; Current annual rent of $42,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4520 Indiana Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message