312 Chalmette Street

Norman, OK 73071

About this property

Rare opportunity to purchase a package of 5 well maintained 4 plex buildings approximately 2 miles from the University of Oklahoma. Owner will consider owner financing with 25% down, upto a 30 year AM with a 7 year balloon payment. Interest rate of 5.75%. We do not do "creative financing" such as seller being in 2nd place, equity participation, terms that are not fully amoritized, etc. Listing broker is an owner of the selling LLC with real estate license #071687.Each building has 4 2 bedroom, 1 bath units with approximately 975 square feet. Each tenant pays their own utilities..total electric with City of Norman water/sewer/trash. The units feature all kitchen appliances, most have tiled bathrooms and ktichens, washer/dryer hookups, and each has a fireplace.Central heat and air.Many updates over the years including recent new class 4 hail resistant roofs and some have all new windows.Rents are below market so there is room for increased revenue. Don't disturb tenants. This listing includes 229 Chalmette( R0036639), 233 Chalmette(R0036638), 237 Chalmette(R0036637), 300 Chalmette(R0036626), and 312 Chalmette

About this property

Rare opportunity to purchase a package of 5 well maintained 4 plex buildings approximately 2 miles from the University of Oklahoma. Owner will consider owner financing with 25% down, upto a 30 year AM with a 7 year balloon payment. Interest rate of 5.75%. We do not do "creative financing" such as seller being in 2nd place, equity participation, terms that are not fully amoritized, etc. Listing broker is an owner of the selling LLC with real estate license #071687.Each building has 4 2 bedroom, 1 bath units with approximately 975 square feet. Each tenant pays their own utilities..total electric with City of Norman water/sewer/trash. The units feature all kitchen appliances, most have tiled bathrooms and ktichens, washer/dryer hookups, and each has a fireplace.Central heat and air.Many updates over the years including recent new class 4 hail resistant roofs and some have all new windows.Rents are below market so there is room for increased revenue. Don't disturb tenants. This listing includes 229 Chalmette( R0036639), 233 Chalmette(R0036638), 237 Chalmette(R0036637), 300 Chalmette(R0036626), and 312 Chalmette

Features and Additional Information

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$2,350,000 Active
18,960 sqft

Presented By Tulsa-OKC Select Relocation Director

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Get in touch today! Phone: 1-918-496-3333
Brokerage
RJH Realty Investments Inc
1-405-364-4801
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Area Information

Cleveland | Cleveland County |

$ 2,350,000
This listing is play_arrow 770.7% higher than the average in the area
$ 269,900 in the area
18,960 SqFt
This listing is play_arrow 940.6% larger than the average in the area
1,822 SqFt in the area
$ 124 $/SqFt
This listing is play_arrow 16.3% less than the average in the area
$ 148 $/SqFt in the area
26 days on site
This listing is play_arrow 21.2% below the average in the area
33 days on site in the area

Schools in the Area

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    Elementary School
    Kennedy ES
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    Middle School
    Irving MS
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    High School
    Norman HS
Listed By Rudy Hymer
Brokerage: RJH Realty Investments Inc

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