1311 Glen Oaks Court Norman, OK 73071
40 Beds
20 Baths
15,950 SqFt
UPDATED:
01/22/2025 12:00 AM
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,950 sqft
Price per Sqft $153
MLS Listing ID 1098269
Style Traditional
Bedrooms 40
Full Baths 20
Construction Status Brick,Vinyl
Year Built 1982
Lot Size 6,969 Sqft
Property Sub-Type More Than 4 Units
Property Description
2024 was a transition year getting rid of any problems and raising the rents some. Rents are still under market so there is much upside. Each 4 plex has it's own water meter for the 4 units. We have been paying the water but have been transitioning into charging the tenants $50 per month for this. We reduced some rents on units we recently leased but added the water charge. These units have been totally remodeled in the last few years with newer class 4 hail resistant roofs, vinyl siding, new windows and doors, remodeled bathrooms and kitchens. Most have newer ch/a and hot water tanks. The parking lot was resurfaced in the last few years and the concrete around the buildings replaced. No deferred maintenance here. Listing broker is an owner of the company that owns these units with real estate license #071687. Owner will consider owner financing subject to a credit application review. General terms would require 20% down at 6.5% for up to 30 years with an 8 year balloon. Do not disturb tenants. Only one vacant so that is the unit that will be shown until there is an accepted contract. I do have marketing videos of most of the units..available upon request.
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Location
State OK
County Cleveland
Interior
Heating Central Electric
Cooling Central Elec
Exterior
Roof Type Heavy Comp
Private Pool Yes
Building
Lot Description Corner
Story 2.0000
Foundation Combination
Level or Stories Two
Structure Type Brick,Vinyl
Construction Status Brick,Vinyl
Schools
Elementary Schools Ronald Reagan Es
Middle Schools Irving Ms
High Schools Norman Hs
School District Norman
Others
Miscellaneous Elec Water Heater
Acceptable Financing Cash, Conventional, Seller will Finance
Listing Terms Cash, Conventional, Seller will Finance
Virtual Tour https://www.propertypanorama.com/instaview/okc/1098269
