2281 36Th Ave Norman, OK 73072
- Commercial land
- 1.48 lot acres
Current Use by Public Records
- Commercial land
Property Details for 2281 36Th Ave
- Lot size
- 1.48 lot acres
- Property type
- Commercial land
- APN
- NC29PRAK5 1 5A001
- APU
- NC29PRAK515A001
Description
This exceptional Class A, three-story apartment building presents a rare opportunity to acquire a prime, newly constructed multifamily property in Norman, Oklahoma. Located at 2281 36th Ave NW, this 56,393 square foot building boasts 36 units – 30 two-bedroom, two-bathroom units and 6 one-bedroom, one-bathroom units – offering a mix of spacious and cozy floor plans. The 40,293 square feet of net rentable space is complemented by 46 parking spaces, catering to residents' needs. Situated on a 1.29-acre lot, the property is zoned SPUD and benefits from a prime location near the University of Oklahoma, ensuring high occupancy rates and strong rental income. The building features a contemporary design with high-quality finishes, stylish fixtures, and abundant natural light. Residents enjoy access to luxurious amenities including a fitness center and a communal lounge area. This limited-time offer provides a significant cost savings; a contract signed before October 1, 2024, secures the property at $6,990,000, representing an immediate $200,000 equity gain. The price per unit is $194,166.67, and the price per square foot is $123.95. This investment presents a compelling opportunity in a thriving market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4929
- Latitude
- 35.2459
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
