$479,000
$499,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
4,700 SqFt
SOLD DATE : 01/29/2026
Key Details
Sold Price $479,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,700 sqft
Price per Sqft $101
MLS Listing ID 2541924
Sold Date 01/29/26
HOA Y/N No
Total Fin. Sqft 4700
Year Built 1955
Annual Tax Amount $2,238
Tax Year 2024
Lot Size 0.719 Acres
Acres 0.719
Property Sub-Type Apartment
Property Description
7.4% cap rate Tulsa property without the taxes and bureaucracy, located in an unincorporated area adjacent to The Oaks country club. This 5-unit property includes two lots (one parcel) and has 3 units in the front and 2 units in the back. It's a turn-key investment opportunity with 4 of 5 units currently leased and generating income. Many upgrades have been completed including the 2 rear units which are completely new from the studs out. The front 3 units have upgrades to electrical, HVAC, interior/exterior paint, and more. The property offers a strong foundation for cash flow, with the added upside of renovating the existing pool, adding storage, space for more units/parking, and opportunity for utility billback. Whether you're looking to add to your portfolio or secure your first multifamily investment, this property combines immediate income with significant growth potential. Unit Mix: Front- Large 3/2 with 2 living, 2 dining areas, and 2 car garage, 1/1, and 1/1. Back- 3/1 and 1/1.
Location
State OK
County Creek
Rooms
Basement Crawl Space, Partial
Interior
Interior Features InteriorFeatures
Heating Central, Ductless, Electric, Multiple Heating Units
Cooling Central Air, Ductless, 3+ Units
Flooring Tile, Vinyl
Fireplace No
Heat Source Central, Ductless, Electric, Multiple Heating Units
Exterior
Exterior Feature Storage
Parking Features Two or More Spaces
Fence Chain Link, Privacy
Pool In Ground, Pool
Utilities Available Electricity Available, Water Available
Water Access Desc Public
Roof Type Composition
Building
Building Description Frame, Dumpster
Entry Level Two
Foundation Basement, Crawlspace, Slab
Lot Size Range 0.719
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame
Schools
School District Sapulpa - Sch Dist (51)
Others
Tax ID 3201-00-002-000-0-010-00
Security Features Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with The Property Center LLC
NEARBY SCHOOLS & BUSINESSES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
12780 S 198th E Ave, Arrow, Oklahoma, 74014, United States