14 Unit Apartment Real Estate Investment next to Oklahoma City University

Less than a block from Oklahoma City University is a $560K 14 unit brick building that has had all the capital improvements upgraded. Apartments close to Universities are probably the most recession proof real estate investments that you can make. The beauty of these units is that the West side of OCU is gradually being rehabbed as the University grows. The location is also around 10 minutes to Downtown, 10 minutes from the State Capitol complex, and 10 minutes from 4 major hospitals. The location is Google accessed at 2015 NW 25th St., Oklahoma City, OK . It is in walking distance to class, over 30 food locations, 2 supermarkets, and other amenities like hardware stores, cellular phone stores, and pharmacies. The building has a property manager that understands the area, and we are in a prime time for rentals, as all the units are close to completed. This is a perfect time to buy as new rentals are being built in the area, and since all the major improvements like roof, central hear and air, appliances, windows, flooring, cabinets and fixtures are new, maintenance should be low in the next few years, making your bottom line better. OCU in conjuction with the City of Oklahoma City and The Oklahoma County governments are buying up property to increase the dramatic expansion of the school. On this block alon OCU has razed two properties and built fraternity houses for students. Please contact me at joe@joepryor.com for more information. You can download a financial analysis PDF to see the cash flow.