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Listed by John Read • Read Realty LLC
$2,150,000
Est. payment /mo
18 Beds
18 Baths
9,246 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,246 sqft
Price per Sqft $232
MLS Listing ID OKC1177510
Style Contemporary
Bedrooms 18
Full Baths 12
Half Baths 6
Construction Status Brick & Frame
Year Built 2025
Lot Size 0.252 Acres
Acres 0.252
Property Sub-Type More Than 4 Units
Property Description
Unique opportunity to acquire fully leased brand new multi-family construction located near downtown Edmond and steps from the Railyard, Ice House and the Lark. All six of these townhomes (three duplexes) pre-leased during construction for $2,200 per townhouse (the six units gross a combined $13,200 per month). Developed by Bespoke Building Company, these high-end townhomes feature custom soft close cabinets, quartz countertops (with waterfalls edge in the kitchen) and designer tile and lighting packages. Designed specifically for investor clients, these townhomes receive favorable insurance pricing and there's no HOA dues associated with these properties. Each townhouse features a 3-bed, 2.5 bath + media niche layout and includes tankless hot water heaters, a full appliance package (including full size washer and dryers) and a fenced side-yard. More than 40 new construction units have come online on a single block on W. 2nd St over the past six months and only these townhomes feature garage parking (a significant differentiator during the lease-up process). Average tenant income is more than $125,000 annually and all leases have 10+ months remaining. The developer also owns their own affiliated property management business and is offering discounted 5.99 percent property management services to investor clients.
Location
State OK
County Oklahoma
Interior
Fireplace N
Exterior
Roof Type Composition
Building
Lot Description Interior Lot
Story 2
Foundation Slab
Builder Name Bespoke Building Company
Architectural Style Contemporary
Structure Type Brick & Frame
Construction Status Brick & Frame
Schools
Elementary Schools Ida Freeman Es
Middle Schools Cheyenne Ms
High Schools North Hs
School District Edmond
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