Active
1311 Glen Oaks Court
Norman OK, 73071
$2,450,000
$153.61 per sqft
Active
40 Beds
20 Baths
15,950 sqft
Multi-family
Built in 1982
Listing courtesy of Rudy Hymer and with RJH Realty Investments Listing Contact: 405-364-4801
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). Only one unit vacant at the moment.
2024 was a transition year getting rid of any problems and raising the rents some. 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 newer class 4 hail resistant roofs, 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 20% down at 6.5% for up to 30 years with an 8 year balloon. Do not disturb tenants. Only one vacant so that is the unit that will be shown until there is an accepted contract. I do have marketing videos of most of the units..available upon request.
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1098269
MLSⓇ ID
January 21, 2025
Listed
January 22, 2025
Updated
Map
1311 Glen Oaks Court
Norman OK, 73071
Interior Features
Total Stories
2
Bedrooms
40
Total Bathrooms
20
Full Bathrooms
20
Interior Features
Window Treatments
Appliances
Dishwasher, Disposal, Refrigerator, Electric Water Heater
Laundry Description
Washer Hookup, Dryer Hookup
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.16 Acres
Exterior Features
Private Entrance
Lot Features
Corner Lot
Architectual Style
Traditional
Roof
Composition
School Information
School District
Norman
High School
Norman HS
Elementary School
Ronald Reagan ES
Other Property Details
Taxes
$5,055
Tax Frequency
Annually
Days on Market
1
Association Fee Frequency
Yearly
Garage
No
Parking
Asphalt
View
No
County
Cleveland
Pool
No
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