$2,450,000
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1311 Glen Oaks Court Norman, OK 73071
Other
Residence
40
Beds
20
Baths
...
Bed/Bath
15,950
Sq. Ft.
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This is a wonderful opportunity to own 5 remodeled 4-plexes with 20 2 bedroom, 1 bath units. This includes 1311 Glen Oaks Ct, 1315 Glen Oaks Ct(Assessor #R0094128), 1319 Glen Oaks Ct(assessor # R0094129), 1325 Glen Oaks Ct(assessor #R0094131) and 1331 Glen Oaks Ct(assessor #R0094136). Only one uni...t vacant at the moment. 2024 was a transition year getting rid of any problems and raising the rents some. Rents are still under market so there is much upside. Each 4 plex has it's own water meter for the 4 units. We have been paying the water but have been transitioning into charging the tenants $50 per month for this. We reduced some rents on units we recently leased but added the water charge. These units have been totally remodeled in the last few years with newer class 4 hail resistant roofs, vinyl siding, new windows and doors, remodeled bathrooms and kitchens. Most have newer ch/a and hot water tanks. The parking lot was resurfaced in the last few years and the concrete around the buildings replaced. No deferred maintenance here. Listing broker is an owner of the company that owns these units with real estate license #071687. Owner will consider owner financing subject to a credit application review. General terms would require 20% down at 6.5% for up to 30 years with an 8 year balloon. Do not disturb tenants. Only one vacant so that is the unit that will be shown until there is an accepted contract. I do have marketing videos of most of the units..available upon request. '
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MLS#
1098269
Property Type
Other
Bedrooms
40
Bathrooms
20 Full
Year Built
1982
Square Feet
15,950
sq. ft
Lot Size
0.16
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