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Listed by Rudy Hymer • RJH Realty Investments

$ 2,295,000

Est. payment -/mo

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1311 Glen Oaks CT Norman, OK 73071

40 Beds

20 Baths

15,950 SqFt

UPDATED:

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 $143

MLS Listing ID OKC1200966

Style Traditional

Bedrooms 40

Full Baths 20

Construction Status Brick,Vinyl

Year Built 1982

Annual Tax Amount $5,055

Acres 0.16

Property Sub-Type More Than 4 Units

Property Description

This is a wonderful opportunity to own 5 remodeled 4-plexes with 20 2 bedroom, 1 bath units. This includes 1311 Glen Oaks Ct, 1315 Glen Oaks Ct(Assessor #R0094128), 1319 Glen Oaks Ct(assessor # R0094129), 1325 Glen Oaks Ct(assessor #R0094131) and 1331 Glen Oaks Ct(assessor #R0094136). 100% occupied. 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 new class 4 hail resistant roofs installed in 2025, 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 25% down at 6.00% for up to 30 years with an 8 year balloon. Do not disturb tenants. Marketing videos of most of the units..available upon request. '

Location

State OK

County Cleveland

Interior

Heating Central Electric

Cooling Central Elec

Fireplace Y

Appliance Dishwasher, Disposal, Refrigerator

Exterior

Parking Features Asphalt

Garage Description Asphalt

Roof Type Heavy Comp

Building

Lot Description Corner Lot

Story 2

Foundation Combination

Architectural Style Traditional

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

Multiple Listing Service of Oklahoma (MLSOK)

Sarah Bytyqi

Broker | License ID: 154928

+1(405) 850-0362

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Oklahoma City, OK