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4520 Indiana Ave Oklahoma City, OK 73118

Sponsored
For Sale
$625,000

Four fully leased properties, strong ROI.

Description

Added:
Dec 11, 2024
Days on Market:
397
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.

Property Features for 4520 Indiana Ave

General Information

Property type
Multifamily properties
Class
C

Building Details

Units
4

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 Profile Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Oklahoma City
County
Oklahoma
State
Oklahoma
Longitude
-97.541600560677
Latitude
35.517799595243

FAQs

What type of property is this?
Multifamily property - Four fully leased properties, strong ROI.
Where is this multifamily property 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.
More about this property
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