2601 NW 50th St - Armstrong Condos
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2601 NW 50th St - Armstrong Condos
4 Unit Apartment Building Offered at $995,000 at a 4.69% Cap Rate in Oklahoma City, OK 73112
Executive Summary
Four spacious two and three bedroom units that are 100% occupied. All units have 2.5 baths and offer all the comforts of home. All the units have been completely or lightly remodeled in the past year. Living rooms feature cozy fireplaces and plenty of space for entertaining. The fully equipped kitchens features full size appliances, granite counter tops, and backsplash. There is an attached two-car garage with every unit for parking and extra storage space. Fantastic location - minutes from the new Oak development, Target, Penn Square Mall, Sam's Club, and highway access.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 2 | $1,648 | 1,701 |
| 3+2.5 | 2 | $1,698 | 1,837 |
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Walk Score ®
Very Walkable (71)
-
Billy Woodring -
Substancia Asset Management Group, LLC
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2601 NW 50th St - Armstrong Condos
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