#1156189, Frances Love, Listing Office: OKC Home Realty Services, LLC
1210 N Ann Arbor Ave Oklahoma City, OK 73127
Property details
About 1210 N Ann Arbor Ave
Unlock the potential of this versatile 2.5-acre property, featuring two occupied single-family homes, 87 storage units, and 60 parking spaces, all located in the heart of thriving Northwest Oklahoma City. One of the single-family homes is a beautifully remodeled 1-bedroom, 1-bath unit, currently leased at $800 per month, providing immediate rental income. The second home presents a great value-add opportunity, with long-term tenants on a month-to-month lease at $675 per month. With some cosmetic updates, this home is primed for a rent increase and added value. Behind the homes, the self-storage facility offers 87 units and 60 parking spaces. Currently, 61 of the storage units and 36 parking spaces are leased, generating solid cash flow. However, there is significant untapped potential—the only existing advertising is on-site signage, leaving ample opportunity to increase visibility and occupancy through targeted outreach and promotions. The facility is well-secured with an electronic gate and security cameras. In terms of income potential, the 2024 projections for the self-storage units and parking spaces alone are over $36,000 in gross revenue. With low scheduled expenses—just over $2,500 in 2023 for water, electricity, and lawn care—this property offers a highly attractive return on investment. This property is a rare opportunity for an investor seeking immediate cash flow with substantial future growth potential. With strong existing income, low operating expenses, and plenty of room for expansion, it offers excellent long-term value. Contact us today to explore this exciting opportunity!
Highlights
Virtual tour
Summary
- MLS Number: 1140730
- MLS Name: MLSOK
- Office Name: Table Property Network
- Office Phone: (405) 757-8074
- Listing Agent: Kiera Underwood
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 4:14:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$619,000
1210 N Ann Arbor Ave
$7,351
closing credit¹
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Price information
Property sales
Date | Event | Price |
---|---|---|
Mar 30, 2022 | Home Sold | $415,000 |
Jul 31, 2020 | Home Sold | $250,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $45,704 | $5,571 |
2022 | $15,034 | $1,855 |
2021 | $15,034 | $1,855 |
2020 | $15,034 | $1,837 |
2019 | $15,034 | $1,804 |
2017 | $15,033 | $1,807 |
History based on county public records data.
Nearby schools
3
Hillsdale Elementary School
Public District PK-5
0.4 mi
•4801 NW 16th St
5
Buchanan Elementary School
Public District PK-4
1.0 mi
•4126 NW 18th St
4
Apollo Elementary School
Public District PK-5
1.2 mi
•1901 N Peniel Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,671. Residents of Oklahoma City, OK typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
Similar homes for sale
This home is located at 1210 N Ann Arbor Ave in Oklahoma City, OK and zip code 73127 in the Central Oklahoma City neighborhood. This 1,543 square foot home, which was built in 1985, sits on a 2.47 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $619,000.
While more than 96 listings in Oklahoma City, OK in February 2025 were sold above asking price, there were more than 209 listings sold at asking price, and more than 314 were sold below. The number of homes for sale in Oklahoma City, OK increased by 4.4% between January and February 2025. In February 2025, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $255,037.