2618-2626 S 85th East Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2618-2626 S 85th East Ave
12 Unit Apartment Building $795,000 ($66,250/Unit) 7.70% Cap Rate Tulsa, OK 74129
INVESTMENT HIGHLIGHTS
- 2618-2626 S 85th Avenue is home to a 12-unit multifamily building presented with room for rental growth.
- Easy maintenance has allowed for smooth operations overall.
- There is an excellent tenant mix in the surrounding, stable area.
- Further upside potential to unlock with below-market rents.
EXECUTIVE SUMMARY
Welcome to 2618-2626 S 85th East Avenue, a 12-unit Tulsa multifamily property presented as 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.
PROPERTY FACTS
| Price | $795,000 | Apartment Style | Low Rise |
| Price Per Unit | $66,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 7.70% | 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 | $795,000 |
| Price Per Unit | $66,250 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| 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 | $600.00 | 750 |
| 2+1.5 | 4 | $800.00 | 865 |
1 of 1
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) |
| CS (Commercial) |
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2618-2626 S 85th East Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.