30
See all 30 photos
$1,050,000
Est. payment /mo
10,454 SqFt
Pending
Address not disclosed Tulsa, OK 74112
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,454 sqft
Price per Sqft $100
MLS Listing ID 2637417
HOA Y/N No
Total Fin. Sqft 10454
Year Built 1963
Annual Tax Amount $5,631
Tax Year 2019
Lot Size 0.718 Acres
Acres 0.718
Property Sub-Type Multi Family
Property Description
Rare multi-family Investment Opportunity in Midtown Tulsa! Discover Baltic Arms Apartments, an 18-unit multifamily investment property ideally situated in the heart of Midtown Tulsa near historic Route 66, the University of Tulsa, major medical employers, and Downtown Tulsa. Built in 1963, this stabilized property offers immediate income potential with an attractive opportunity for future value add. The property features predominantly studio-style units, with 15 of the 18 residences offering a studio floorplan. Currently averaging $728 per unit in monthly rent, Baltic Arms presents an opportunity for investors to capitalize on rental upside through strategic interior improvements and phased renovations. With a trailing 12-month net operating income of $63,667 and projected Year 1 NOI of $71,501, this property combines established cash flow, manageable scale, and value-add potential in a desirable Tulsa location. An excellent opportunity to expand your multifamily portfolio!
Location
State OK
County Tulsa
Interior
Interior Features None
Heating Central, Electric
Cooling Central Air
Fireplace No
Heat Source Central, Electric
Exterior
Exterior Feature None
Fence None
Utilities Available None
Water Access Desc Public
Roof Type Other
Building
Foundation Other
Lot Size Range 0.718
Sewer Public Sewer
Water Public
Structure Type Other
Schools
School District Tulsa - Sch Dist (1)
Listed by Ironstone Management Group LLC
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