427 SE 17th Street

Oklahoma City, OK 73129

This versatile property presents a lucrative opportunity for investors seeking to expand their portfolio. Currently functioning as a duplex, this property has the potential to be converted into a triplex, maximizing its rental potential. Located just south of downtown, it boasts a prime location just minutes away from Scissortail Park, offering tenants convenient access to urban amenities and recreational opportunities. The property features a total of 3 bedrooms and 3 baths, with one unit already upgraded with new paint and other enhancements making it a turnkey rental opportunity for the savvy investor. Hot water heaters are 2016 and 2017. Whether you're looking to expand your rental income or start your real estate investment journey, this property offers a solid foundation for success. Foundation repair by Trition Foundation. Plumbing updates, sewer line repair, new toilet, electrical upgrades, dry wall repairs, brand new refrigerator in one of the units. Window units are 1 year old. Unit A is leased for $600 a month ending 6/30/24. Unit B is leased month to month at $750. Both tenants would like to stay. Rental rate is currently under market value and should be around $800-850 for the 2 bedroom 2 bath, and $700 for the 1 bed 1 bathroom. $695 deposit unit B and $2000 deposit for unit A. Foundation repair by Trition Foundation. No Showings until after an offer is accepted. Please do not disturb the tenants.

This is an Active listing.

Broker Office Phone Number: 405-703-4100

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