321 Apache St Tulsa, OK 74106
- Residential income homes
- 3,900 SF
Current Use by Public Records
- Residential income homes
Property Details for 321 Apache St
- Year built
- 1942
- Property size
- 3,900 SF
- Property type
- Residential income homes
- APN
- 11325-02-24-06370, 40525-02-24-09720, 23175-03-30-13510, 05400-02-25-04040
Description
This exceptional investment opportunity presents a portfolio of four single-family rental properties located in Tulsa, Oklahoma. The portfolio comprises four renovated, one-story buildings, each with two parking spaces per unit, totaling 4,148 net rentable square feet on approximately 7,000 to 7,800 square feet of land. Built in 1942 and completely renovated in 2024, these properties boast a 100% occupancy rate as of June 21, 2024, generating a substantial net operating income (NOI) of $42,367. The portfolio offers a compelling 13.80% capitalization rate (Cap Rate) and a pro-forma Cap Rate of 13.80%. Each unit is priced at $76,750, with the entire portfolio listed at $307,000. The properties are situated in a high-demand area and are zoned RS3. Two units currently command market rates, while two others benefit from approved Section 8 rental vouchers, ensuring stable and consistent income. One tenant has a long-term lease. The portfolio's individual addresses are: 321 E Apache St, 2529 N Quaker Ave, 604 East 30th St N, and 522 E Zion St, all in Tulsa, OK 74106. This is a fee simple ownership opportunity. The properties are individually identified by the following APNs: 11325-02-24-06370, 40525-02-24-09720, 23175-03-30-13510, and 05400-02-25-04040.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.990215118668
- Latitude
- 36.191476142907
