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Listed by Shari Brunt • Always Real Estate

$ 1,000,000

Est. payment -/mo

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Active

Address not disclosed Chickasha, OK 73018

26,670 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 26,670 sqft

Price per Sqft $37

MLS Listing ID OKC1155494

Style Other

Construction Status Other

Year Built 1970

Annual Tax Amount $1,199

Lot Size 0.514 Acres

Property Sub-Type Apartment

Property Description

Seize the opportunity to restore and revitalize this 37-unit apartment complex, ideally located tight NECT DOOR to the University of Science and Arts of Oklahoma. This property presents an exceptional project for developers and investors looking for a significant value-add opportunity. The complex suffered fire damage that originated in the shared laundry mat and affected approximately 5 apartments, and has since been abandoned making it the perfect blank canvas for redevelopment. While abandoned an additional fire damaged 2 of the north bottom apartments. Each unit offers spacious layouts, and most apartments come with their own balcony, perfect for enjoying the outdoors. Additionally, the property features a large courtyard that would be an ideal setting to add a pool/hot tub spa, enhancing the overall appeal and rental potential of the complex. TPO roof was installed to the North and South buildings in 2022. It gets even better, 1615 S 17th St is also included in this sale. 2 bed 1 bath 1,060 sq ft. This is a rare chance to take on a project with immense potential. Bring your creativity, team, and resources to transform this distressed property into a profitable investment. Don't miss out on this unique investor special! Contact us today for more details and to schedule a tour. Photos are from after fire and when property was open and operating.

Location

State OK

County Grady

Interior

Fireplace N

Appliance None

Exterior

Roof Type Other

Building

Lot Description Corner Lot

Story 2

Foundation Combination

Architectural Style Other

Structure Type Other

Construction Status Other

Schools

Elementary Schools Bill Wallace Ec Ctr, Grand Avenue Es, Lincoln Es

Middle Schools Chickasha Ms

High Schools Chickasha Hs

School District Chickasha

Others

Miscellaneous Sidewalk

Acceptable Financing As is Condition, Cash, Conventional

Listing Terms As is Condition, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/okc/1155494

Multiple Listing Service of Oklahoma (MLSOK)

Sarah Bytyqi

Broker | License ID: 154928

+1(405) 850-0362

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Oklahoma City, OK