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1216 N Blackwelder Ave
Oklahoma City, OK 73106
Asking Price
$7.00M
Cap Rate
7.23%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
1216 N Blackwelder Ave, Oklahoma City, OK 73106 <ul><li>35 total units in a single, contiguous portfolio</li><li>Prime location near the Plaza District in Oklahoma City</li><li>94% occupancy with strong in-place income</li><li>Mix of newly constructed and recently renovated units</li><li>9 live/work units offering diversified income potential</li><li>Built in 2023 – modern construction with minimal maintenance</li><li>4 live/work loft-style on the first floor</li><li>3 one-bedroom apartments on the second floor</li><li>Tall ceilings
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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.98%
Monthly Payment
$34,632.181
Annual Cash Flow
$-335,586.168
