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About the Listing EQTY01 - RTERRELL,RCHRISTEN
Investment Opportunity Near OU, Fully Occupied 8-Unit Apartment Building. Excellent value-add opportunity just blocks from the University of Oklahoma campus. This three-story, 8-unit multifamily property features seven 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, totaling approximately 4,988 square feet on an 8,712 square foot lot with rear parking access from the alley. The property is currently 100% occupied, providing immediate income. Five tenants are month-to-month, offering flexibility for future rent adjustments or renovation planning, and three units are under lease. Current rents range from $650 to $800 per month. Owner currently pays all utilities. The building is a 1940 wood-frame structure with pier and beam foundation, central heat (two furnaces), and window unit air conditioning. Property reflects deferred maintenance and presents strong upside potential through exterior improvements, interior updates, and rental rate optimization. Located in close proximity to campus, shopping, and downtown Norman amenities, this property offers long-term demand stability and repositioning opportunity for investors seeking cash flow with value-add potential. Serious investors only. Do not disturb tenants. Selling "As Is" only.
Listing Highlights
Status
Pending
Days on Site
44
Property Type
Multi-Family
MLS ®
1213473
Year Built
1940
Total Square Footage
4,988
Lot/Acreage
0.2
County
Cleveland
School District
Norman
Elementary School
Mckinley ES
Middle School
Alcott MS
High School
Norman High School
Interior Details
- Bedrooms: 9
- Bathrooms: 8 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Central Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Interior Lot
- Garage Capacity: N/A
- Roof: Composition
- Others:
- Sewer:
- Parking Features: Backyard,Gravel
Financial Details
- Tax Amount: $4,647
- Taxes w/Assessments: N/A
- Tax/Property ID: 521WSymmes73069
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
521 W Symmes St Norman, OK 73069
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