6220 Douglas AveOklahoma City, OK 73139

The Mirador, a stabilized multifamily investment opportunity, presents a compelling proposition for discerning investors. This Class C apartment building, located at 6220 S Douglas Ave, Oklahoma City, OK 73139, comprises 38 units across three, two-story buildings, totaling 22,500 net rentable square feet on a 45,200 square foot lot (APN: 074472400). Built in 1970 and extensively renovated in 2023, the property boasts a 97% occupancy rate, generating a projected gross income exceeding $312,000 annually. The unit mix includes eight two-bedroom, one-bathroom units and thirty one-bedroom, one-bathroom units, priced at $70,000 per unit for a total asking price of $2,660,000 ($118.22/sq ft). Recent capital improvements include a renovated laundry room, updated parking lot, significant exterior concrete replacement, siding updates, and numerous new windows. The property is zoned R-4 and offers a strong return on investment in a growing Oklahoma City neighborhood. This 1031 exchange-eligible property is an ideal addition to any portfolio seeking consistent cash flow and appreciation potential.