Residential Land with Home for Sale in Oklahoma City, Oklahoma

Unlock the potential of this versatile 2.5-acre property, featuring two occupied single-family homes, 87 storage units, and 60 parking spaces, all located in the heart of thriving Northwest Oklahoma City. One of the single-family homes is a beautifully remodeled 1-bedroom, 1-bath unit, currently leased at $800 per month, providing immediate rental income. The second home presents a great value-add opportunity, with long-term tenants on a month-to-month lease at $675 per month. With some cosmetic updates, this home is primed for a rent increase and added value.

Behind the homes, the self-storage facility offers 87 units and 60 parking spaces. Currently, 61 of the storage units and 36 parking spaces are leased, generating solid cash flow. However, there is significant untapped potential--the only existing advertising is on-site signage, leaving ample opportunity to increase visibility and occupancy through targeted outreach and promotions. The facility is well-secured with an electronic gate and security cameras.

In terms of income potential, the 2024 projections for the self-storage units and parking spaces alone are over $36,000 in gross revenue. With low scheduled expenses--just over $2,500 in 2023 for water, electricity, and lawn care--this property offers a highly attractive return on investment.

This property is a rare opportunity for an investor seeking immediate cash flow with substantial future growth potential. With strong existing income, low operating expenses, and plenty of room for expansion, it offers excellent long-term value. Contact us today to explore this exciting opportunity!