The Albert | 701 Culbertson Dr
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The Albert 701 Culbertson Dr
36 Unit Apartment Building $3,995,000 ($110,972/Unit) 5.20% Cap Rate Oklahoma City, OK 73105
Executive Summary
Great building just a few blocks from OU Medical Center, OKC Innovation District, and the OKC VA Medical Center. All 36 units have been renovated within the four years. Gated parking. New hot water tanks and sewer lines. There is a basement that could be utilized for laundry or storage for increased income. Available as a package with 727 Culbertson and 831/835 East Dr. LISTING BROKER IS THE OWNER OF THE PROPERTY.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro forma - 2025) 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 (Pro forma - 2025) 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
| Price | $3,995,000 | Building Class | C |
| Price Per Unit | $110,972 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 25,248 SF |
| Cap Rate | 5.20% | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.72 | No. Stories | 3 |
| No. Units | 36 | Year Built/Renovated | 1948/2020 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $3,995,000 |
| Price Per Unit | $110,972 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 7.72 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 25,248 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1948/2020 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gated
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | $825.00 | 700 |
PROPERTY TAXES
| Parcel Number | 034677325 | Total Assessment | $282,516 (2023) |
| Land Assessment | $19,008 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $263,508 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
034677325
Land Assessment
$19,008 (2023)
Improvements Assessment
$263,508 (2023)
Total Assessment
$282,516 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Albert | 701 Culbertson Dr
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