Oklahoma City, OK 73132,6816 Woodlake Drive
Oklahoma City, OK 73132,6816 Woodlake Drive
Oklahoma City, OK 73132,6816 Woodlake Drive
$1,700,000
Est. payment /mo
$1,899,000
10.5%
Est.Price: ?

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40 Beds
SOLD DATE : 11/29/2021

Key Details

Sold Price $1,700,000

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 976393

Sold Date 11/29/21

Style Traditional

Bedrooms 40

Construction Status Brick & Frame

Year Built 1975

Property Description

Fantastic opportunity to own 8 contiguous, well maintained duplexes (16 units total) in an area of NW OKC! Located across from and within one block of Tulakes Elementary School. All units are currently rented with the exception of one 2 bed which was left vacant exclusively for showing purposes. Instant appreciation potential as rents are currently 10-20% below market and virtually all rents can be raised within one year! Very low vacancy rates historically as included amenities such as location , # of baths and garage size are desired in the market. Half the units are 2 bed, 2 1/2 bath, 2 car garages (1,200 SF MOL) and half are 3 bed, 2 to 2 1/2 bath, 2 car garages with one conversion (1,300 SF MOL) and all have fireplaces. All units are total electric. See attachments for current rent roll and P & L for the last 2 years. Self-managed (2020) NOI $127,521. (2021) projected NOI $127,000. Cap rate 6.7%. TO BE SOLD AS PACKAGE ONLY! PLEASE DO NOT DISTURB TENANTS!

Location

State OK

County Oklahoma

Interior

Heating Central Electric

Cooling Central Elec

Exterior

Roof Type Composition

Private Pool Yes

Building

Foundation Slab

Level or Stories Two

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Tulakes Es

Middle Schools Cooper Ms

High Schools Putnam City Hs

School District Putnam City

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Multiple Listing Service of Oklahoma (MLSOK)
Listed by Chip Adams • Adams Family Real Estate LLC
Bought with OKC Metro Assn of REALTORS

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Mike Henson

+1(405) 831-8453

Agent | License ID: 150552

Agent License ID: 150552

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