University Falls Apartments

1215 Classen Blvd Norman, OK 73071

1215 Classen Blvd, Norman, OK, 73071
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,000,000
Last Verified:
Apr 19, 2024


Description

Sale Price: $2,000,000
21,520 SF Multifamily Property (32 Units)

East of Classen Blvd and North of Boyd Street
Within Walking Distance to the University of Oklahoma and Historic Campus Corner


Year Built: 1943
Building Size: 21520sq ft
Lot Size: 1.51 acres


Documents

Sale Brochure (L)

Map of 1215 Classen Blvd, Norman, OK, 73071

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.