2618-2626 S 85th East Ave
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2618-2626 S 85th East Ave
12 Unit Apartment Building $825,000 ($68,750/Unit) 7.42% Cap Rate Tulsa, OK 74129
Executive Summary
Location: 2618-2626 S 85th East Ave, Tulsa, OK 74129
This 12-unit property presents a fantastic investment opportunity with significant upside potential! Situated in a great Tulsa location, this property features a strong tenant mix and easy maintenance, making it a desirable choice for both new and seasoned investors. Current rents are below market, providing an immediate opportunity to increase cash flow with adjustments.
Key Highlights:
• 12 Units with room for rental growth
• Potential Upside with below-market rents
• Great Tenant Mix in a stable area
• Easy Maintenance for smooth operation
This 12-unit property presents a fantastic investment opportunity with significant upside potential! Situated in a great Tulsa location, this property features a strong tenant mix and easy maintenance, making it a desirable choice for both new and seasoned investors. Current rents are below market, providing an immediate opportunity to increase cash flow with adjustments.
Key Highlights:
• 12 Units with room for rental growth
• Potential Upside with below-market rents
• Great Tenant Mix in a stable area
• Easy Maintenance for smooth operation
Property Facts
| Price | $825,000 | Apartment Style | Low Rise |
| Price Per Unit | $68,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 7.42% | Building Size | 9,460 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Price | $825,000 |
| Price Per Unit | $68,750 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 9,460 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.11/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 2+1.5 | 4 | - | 865 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $53,691 | |
| Land Assessment | $8,459 | Total Assessment | $62,150 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$8,459
Improvements Assessment
$53,691
Total Assessment
$62,150
zoning
| Zoning Code | CS (Commercial Shopping) |
| CS (Commercial Shopping) |
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2618-2626 S 85th East Ave
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