7413 Melrose Lane

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7413 Melrose Lane

Oklahoma City, OK 73127
Asking Price
$1.20M
Cap Rate
7.21%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Melrose Oaks is a multifamily community located on the west side of OKC metro. <ul><li>​Rents are significantly below market rents</li><li>​Ability for an owner to perform maintenance inhouse</li><li>​Self-management allowing for oversight of the property and reduced expenses</li><li>​Implementation of RUBS</li><li>​16 unit community with 4 buildings.</li><li>​Each building has 2 downstairs, and 2 upstairs units</li><li>​All units are 2 bed, 2 bath with 850 SF Units</li><li>​Occupancy remains consistently at 100%</li><li>​Nearby I-40, I-44, and the Kilpatrick turnpike</li>

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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657

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