4520 Indiana Ave Oklahoma City, OK 73118

Property Details for 4520 Indiana Ave

Property type

Residential income homes

Description

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.

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Longitude

-97.541600560677

Latitude

35.517799595243