Craftsman Real Estate Services

6816 Woodlake DriveOklahoma City, OK 73132Price: $1,899,000

  • Price: $1,899,000
  • Est. Mortgage of $/month
  • 32 Days on Market
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Federal 30-year interest rate: 3.05% last updated on Oct 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,899,000List Price
  • 40Bedrooms

Listing Tools

Listed by Chip Adams of Adams Family Real Estate LLC
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!

Property Details of 6816 Woodlake Drive

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"Based on information submitted to OK_MLSOK as of October 21, 2021 5:13 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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