About the Listing ERAC01 - JLANGUM

Rare opportunity to find a fully occupied, turnkey income-producing property in the heart of central Oklahoma City! The Gramercy sits in a convenient location just a few blocks from the vibrant Pride District and just down the street from the historic Cleveland and Shepherd neighborhoods, with easy access to downtown, highways, and the whole metro. All 8 units are currently on lease, each featuring 1 large master bedroom and 1 full tub/shower bath, with refrigerator and stove included, spacious living and dining area, walk-in closet in the bedroom, and updates to flooring, paint, and fixtures as they've been needed. The exterior has been freshly painted for low/reduced future maintenance costs, and the interior common areas, utility room, and hallways have all new wood plank style flooring, paint, light fixtures, carpet on the stairs, and refinished woodwork for a bright and welcoming shared space. The on-site laundry room facilities with coin-operated machines provide convenience to tenants, as well as an additional monthly income source that adds to the property's ROI. - The upstairs storage room could also be converted to a second laundry room to double the monthly ancillary income and add thousands of dollars a year to your bottom line. The outdoor patio space provides a relaxing spot to hang out and grill, or gather with friends, and the shaded yard offers a parklike setting for kids or pets. Ample parking is available for all tenants, and there are 2 designated handicapped spots for assistance with accessibility for those who need it. Don't miss out on this rare chance to get 8 doors under one roof, with better than a 1-1 Rental Income to Purchase Price ratio that is almost impossible to find in today's market! If you're looking for a unicorn, the Gramercy is it!

Listing Highlights