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Archived almost 3 years ago

$69,900

2 bd ba 928 sqft

401 12th Ave SE, Norman, OK 73071

Residential Condo Occupied Off MLS

Current Rent **

$780

Projected Rent **

$800

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Great 2/1.5 condo in Norman, OK

This condo is ground level, fresh, and clean! it has been home to a stellar tenant for the past 2 years and will be vacant as of 10/1/2023.

Seller is recapitalizing and this makes a great opportunity for you to pick up a low maintenance rental in a great submarket of Oklahoma City.

Location:

401 12th Ave SE, Norman, OK 73071

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.