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.
'

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

The information provided is believed to be accurate but is not guaranteed and is subject to verification by all parties. It is intended for consumers' personal, non-commercial use and should not be used for any other purpose than to identify prospective properties for purchase. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual, and/or purpose without the express written permission of MLSOK, Inc. The IDX display contains information sourced from MLSOK, Inc. as of 1/22/2025. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered. Information last updated on 1/22/2025.

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