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816 Nevada St Chickasha, OK 73018

For Sale
$1,095,000

4-Unit Student Housing Portfolio, 7.44% Cap Rate

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a stabilized, four-unit multifamily property ideally situated in Chickasha, Oklahoma, at 816 W. Nevada St., zip code 73018. The property, known as "The Hill," boasts a substantial 7,208 square feet of net rentable space, spread across two stories and built in 2022. Zoned R-3, it sits on a generous lot ranging from 40,000 to 42,000 square feet. The property features a total of 16 beds across the four units, making it an ideal student housing portfolio. With a strong 7.44% capitalization rate and a Net Operating Income (NOI) of $81,489, this Class B property offers a compelling return on investment. The asking price is $1,095,000. Since its completion in September 2022, the property has maintained 100% occupancy, demonstrating strong rental demand. The "rent-by-the-room" model effectively increases the unit count to sixteen, maximizing rental income potential. This turnkey investment is perfect for those seeking a stable, high-yield property in a growing market. The property is offered for sale by owner. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location.

Property Features for 816 Nevada St

General Information

Property type
Multifamily properties
Class
B

Building Details

Year Built
2022
Stories
2
Units
4

HighLights

  • Exceptional investment opportunity: 4‑unit multifamily property in Chickasha, OK (73018), offering 7,208 sq ft of net rentable space.
  • Built in 2022, this Class B property features 16 beds (rent‑by‑room model) and sits on a large lot (40,000‑42,000 sq ft), zoned R‑3.
  • Boasting a 7.44% cap rate and $81,489 NOI, this property commands an asking price of $1,095,000.
  • 100% occupancy since completion in September 2022, demonstrating strong rental demand and a turnkey investment opportunity.
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Map

City
Chickasha
County
grady
State
Oklahoma
Longitude
-97.9433251
Latitude
35.0328297

FAQs

What type of property is this?
Multifamily property - 4-Unit Student Housing Portfolio, 7.44% Cap Rate
Where is this multifamily property located?
The property is located at 816 Nevada St Chickasha, OK.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 4-unit multifamily property in Chickasha, OK (73018), offering 7,208 sq ft of net rentable space.; Built in 2022, this Class B property features 16 beds (rent-by-room model) and sits on a large lot (40,000-42,000 sq ft), zoned R-3.; Boasting a 7.44% cap rate and $81,489 NOI, this property commands an asking price of $1,095,000.
More about this property
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