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1914 Cherry Stone St

6 Unit Block of Flats £449,126 (£74,854/Unit) 8% Net Initial Yield Norman, OK 73072

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Investment Highlights

Great Condition
Same Owner for past 28 years

Lots of Rent Upside

Executive Summary

Great 6 unit on a quiet street just a mile from the University of Oklahoma (OU) campus. These large units are fully metered for all utilities incl garbage. There are washer/dryers in every unit and 12 parking spaces. The roof is in excellent condition and there are no deferred maintenance issues. The property has been owned by the current owner for the past 28 years. There is room to easily move rents to $850-900/mo

Apartment Analysis 1914 Cherrystone Norman^J OK

1914 Cherrystone Brochure

Financial Summary (Pro forma - 2025)	Annual	Annual Per SF
Gross Rental Income	£47,886	£10.23
Other Income	-	-
Vacancy Loss	£2,394	£0.51
Effective Gross Income	£45,492	£9.72
Taxes	£2,564	£0.55
Operating Expenses	£5,382	£1.15
Total Expenses	£7,946	£1.70
Net Operating Income	£37,546	£8.02

Financial Summary (Pro forma - 2025)

Gross Rental Income
Annual	£47,886
Annual Per SF	£10.23

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	£2,394
Annual Per SF	£0.51

Effective Gross Income
Annual	£45,492
Annual Per SF	£9.72

Taxes
Annual	£2,564
Annual Per SF	£0.55

Operating Expenses
Annual	£5,382
Annual Per SF	£1.15

Total Expenses
Annual	£7,946
Annual Per SF	£1.70

Net Operating Income
Annual	£37,546
Annual Per SF	£8.02

Property Facts

Price	£449,126	Apartment Style	Low Rise
Price Per Unit	£74,854	Building Class	C
Sale Type	Investment	Lot Size	0.37 AC
Net Initial Yield	8%	Building Size	4,681 SF
No. Units	6	Number of Floors	1
Property Type	Residential	Year Built	1964
Property Subtype	Apartment	Parking Ratio	2.56/1,000 SF

Price	£449,126
Price Per Unit	£74,854
Sale Type	Investment
Net Initial Yield	8%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.37 AC
Building Size	4,681 SF
Number of Floors	1
Year Built	1964
Parking Ratio	2.56/1,000 SF

Unit Amenities

Heating
Kitchen

Oven

Range

Tub/Shower

Site Amenities

24 Hour Access

Smoke Detector

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+1	6	£645.52	780

1 of 1

Walk Score ®

Very Walkable (70)

Bike Score ®

Very Bikeable (89)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	R0035953	Total Assessment	£21,353 (2023)
Land Assessment	£4,663 (2023)	Annual Taxes	£2,564 (£0.55/sf)
Improvements Assessment	£16,690 (2023)	Tax Year	2025