501 Carlsbad St Owasso, OK 74055-2330
- Specialty properties
- 1,116 SF
- 2.07 lot acres
May 17, 2021
Current Use by Public Records
- Specialty properties
Property Details for 501 Carlsbad St
- Year built
- 2001
- Construction
- WOOD FRAME
- Lot size
- 2.07 lot acres
- Property size
- 1,116 SF
- Zone code
- RS3
- Property type
- Specialty properties
- APN
- 61100-14-30-02010
- APU
- 61100143002010
Description
This exceptional 40-unit apartment building in Owasso, Oklahoma, presents a compelling value-add investment opportunity. Located at 501 N Carlsbad St, 74055, this Class B property boasts 34,725 net rentable square feet situated on a 2.07-acre lot. The property, comprised of 12 single-story buildings, underwent extensive exterior renovations in 2021, including new windows, roofs, gutters, paint, siding, and masonry work, as well as new iron privacy fencing. Currently operating at 90% occupancy with an occupancy date of August 9th, 2024, the property features a leasing office and laundry facility. A proven interior renovation strategy is in place, projected to increase rental rates by $200-$300 per unit. The property benefits from a prime location near the Redbud District, ensuring high demand and long-term value. The strong Owasso real estate market and ongoing development in the area further enhance the investment potential. Additional community amenities are possible given the available space. 24-hour maintenance is available on call. The asking price for this well-maintained, high-potential property is $4,300,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,635,000
- ML approach
- $1,580,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Owasso
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.8582
- Latitude
- 36.2729
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA
