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537 E Elm Ave Norman, OK 73069

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For Sale
$1,675,000

Two properties totaling 12 units near the University of Oklahoma.

Property size:
1 SF

Property Features for 537 E Elm Ave

General Information

Size
1 SF

Source: Nathan Farha, CCIM Agent Nathan Farha, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

University Proximity Multifamily Investment

Two properties, located in Norman, OK, offer a combined total of 12 units in close proximity to the University of Oklahoma. The first property, located at 537 South University Boulevard, features 8 units: 1 studio apartment renting for $795 per month, 6 one-bedroom apartments renting for $825 per month (all bills paid), and 1 three-bedroom apartment renting for $1,895 per month. Unit amenities include stainless steel appliances (fridge, stove, and dishwasher), a walk-in pantry, and ceiling fans. The property has new flooring, fresh paint, and shades throughout. The land area is 8,276 square feet. The second property, located at 415 East Elm Avenue, contains 4 units: 1 one-bedroom apartment renting for $800 per month and 3 two-bedroom apartments renting between $850 and $950 per month. Unit amenities include a fridge, stove, window air conditioning, and ceiling fans. The property features new flooring and fresh paint. Tenants are responsible for electric, gas, and a $25 water/trash fee. The land area is 6,534 square feet. Both properties are minutes away from the OU campus, dining, retail, and entertainment. The properties have a strong occupancy history with steady rental demand from students and local residents. Recent renovations include new roofs, plumbing, electrical, and all new mechanical systems within the last three years. The properties may be sold together or separately.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Norman
County
Cleveland
State
Oklahoma
Longitude
-97.44776
Latitude
35.210074

FAQs

What type of property is this?
Apartment building - Two properties totaling 12 units near the University of Oklahoma.
Where is this apartment building located?
The property is located at 537 E Elm Ave Norman, OK.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: - Two properties totaling 12 units near the University of Oklahoma campus.; - Strong occupancy history with steady rental demand.; - Recent renovations include new roofs, plumbing, electrical, and all new mechanical within the last three years.
More about this property
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