1700 67Th St Oklahoma City, OK 73111

Property Details for 1700 67Th St

Year built

1950

Lot size

0.60 lot acres

Property size

1,813 SF

Property type

Residential income homes

Description

This exceptional multifamily investment opportunity presents two charming cottages situated on a 0.6-acre lot in Oklahoma City's Adventure District. The property, comprised of a main cottage and a guest studio, boasts a combined 1,813 square feet of net rentable space. Built in 1950 and 2011, with renovations completed in 2024, the property offers a blend of historic charm and modern updates. The main cottage features two bedrooms and 1.5 bathrooms, while the guest studio includes a full kitchen, full bathroom, vaulted ceilings, and newer windows. Amenities include ample parking (3 spaces per unit), a storm cellar, a well for lawn irrigation, and city water and septic systems. The property's location offers unparalleled convenience, just blocks from Remington Park, the Cowboy Hall of Fame, the Zoo, the Science Museum, and Devon Park (future Women's Olympics Softball location). Nearby attractions also include Trader Joe's, Classen Curve, and Nichols Hills, with easy access to downtown Oklahoma City and major highways. This property presents a strong value-add investment opportunity with a pro-forma cap rate of 7.70% and a pro-forma NOI of $25,333. The asking price is $329,000, representing a price per square foot of $181.47 and a price per unit of $164,500. The land value alone is $6.63 per square foot, and the property includes significant air rights of 26,136 square feet. This is a rare opportunity to acquire a unique and highly desirable property in a rapidly growing area of Oklahoma City.