19 2Nd Ave Ardmore, OK 73401
This exceptional investment opportunity presents a five-unit multifamily property nestled in the heart of downtown Ardmore, Oklahoma. The property boasts a total of 3,710 square feet situated on a 0.17-acre lot. Built in 1945, this two-story building comprises four apartment units – two on the ground floor and two on the upper level – and a detached, single-family "tiny home" in the rear. The tiny home generates an additional $1,000 monthly rental income, inclusive of utilities. All units have recently undergone updates. This property offers a unique zoning advantage: it allows for commercial use on the lower level and residential use on the upper level, presenting significant flexibility for future development or income diversification. The asking price is $400,000, translating to a price per square foot of $107.82. Located at 19 2nd Avenue, Ardmore, OK 73401, this property is ideally situated near Dew Drop/Cafe Alley, with neighboring properties also available for purchase. This is a rare opportunity to acquire a well-maintained, income-generating multifamily property in a desirable downtown location with unique zoning potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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