This property offers a fantastic investment opportunity with 3 income-producing units located in the University Addition. The duplex features one unit rented at $925/month to a long-term Section 8 tenant who prefers to stay. The second duplex unit is currently leased at $775/month under a new 12-month agreement. The small house is rented at $650/month on a month-to-month lease, offering flexibility and the potential for a rent adjustment to align with market rates. With a total monthly income of $2,350, the current rental rates are closely aligned with market averages in University Addition, where duplex units typically rent for $900–$1,000/month, and similar small houses range from $700–$800/month. This property provides consistent cash flow with room for growth, making it an ideal addition to any investor’s portfolio. Seller is willing to package this property with MLS #1178821, which includes another duplex, offering a total of 5 doors.
For sale
Price cut: $25K (7/16)
$275,000
1601 NW 22nd St, Oklahoma City, OK 73106
3beds
2,344sqft
Est.:
Duplex
Built in 1927
-- sqft lot
$257,600 Zestimate®
$117/sqft
$-- HOA
What's special
- 32 days
- on Zillow |
- 790 |
- 74 |
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