321 Apache StTulsa, OK 74106

Property Details for 321 Apache St

Year built

1942

Property size (Sq ft)

3,900 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of four single-family rental properties located in Tulsa, Oklahoma. The portfolio comprises four renovated, one-story buildings, each with two parking spaces per unit, totaling 4,148 net rentable square feet on approximately 7,000 to 7,800 square feet of land. Built in 1942 and completely renovated in 2024, these properties boast a 100% occupancy rate as of June 21, 2024, generating a substantial net operating income (NOI) of $42,367. The portfolio offers a compelling 13.80% capitalization rate (Cap Rate) and a pro-forma Cap Rate of 13.80%. Each unit is priced at $76,750, with the entire portfolio listed at $307,000. The properties are situated in a high-demand area and are zoned RS3. Two units currently command market rates, while two others benefit from approved Section 8 rental vouchers, ensuring stable and consistent income. One tenant has a long-term lease. The portfolio's individual addresses are: 321 E Apache St, 2529 N Quaker Ave, 604 East 30th St N, and 522 E Zion St, all in Tulsa, OK 74106. This is a fee simple ownership opportunity. The properties are individually identified by the following APNs: 11325-02-24-06370, 40525-02-24-09720, 23175-03-30-13510, and 05400-02-25-04040.

Location Insight

City

Tulsa

County

Grant

State

Oklahoma

Latitude

36.1915

Longitude

-95.9902

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