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617 NW 88th Street, Oklahoma City, OK 73114

$199,999
  • 617 NW 88th Street, Oklahoma City, OK 73114 Main Photo

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New to the Market Active
BEDS3 BATHS2 full SQUARE FEET2,136 MLS#1253538
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLOklahoma City

Property Description

Unbeatable Cash-Flow Math at $199,999 At the newly slashed price of $199,999 (down from $234,999), the math on this NNN investment isn't just compelling, it's undeniable. You are buying a fully turnkey, zero-headache commercial asset generating a minimum of $36,000/year in base rent on day 1. That's a 18% gross yield on a sub-$200k purchase price, backed by an established daycare tenant with a proven clientele and 3 years remaining on their 5-year lease. True NNN Lease: The tenant pays 100% of property taxes, property insurance, and operating expenses. Every dollar of rent goes straight to your bottom line. Built-In Growth: Features automatic annual rent escalations, guaranteeing your yield increases every single year above the current $3,000/month baseline. Day-1 Income: Instant, predictable cash flow from an experienced operator with zero ramp-up time or vacancy loss. Zero Looming Capital Expenditures: All major heavy lifting is done for you: Brand-New HVAC: Installed July 2026 New Water Heater: Replaced in 2025 New Roof: To be installed prior to closing at the seller's expense You are securing a long-term, inflation-hedged income stream with zero major CapEx risk on the horizon for under $200k. Opportunities with this yield profile and structural protection do not last. This is for the sale of the building only. Tenant/daycare pays all expenses including property tax and property insurance, true NNN. Automatic rental escalation (meaning the rent increases each year automatically). The daycare is owned by an experienced operator. This is a established daycare that has been operating for many years with an established clientele. The new building owner will start receiving cash-flow day 1. The new HVAC system was installed July 27, 2026. The water heater was replaced in 2025. The roof will be replaced before closing. 3 years left on the 5 year lease agreement.

617 NW 88th Street | MLS# 1253538

This single family home located at 617 NW 88th Street, Oklahoma City, OK 73114 is currently listed for sale with an asking price of $199,999. This property was built in 1961 and has 3 bedrooms and 2 full baths with 2136 sq. ft. NW 88th Street is located within the Oklahoma City school district. Search Oklahoma City real estate on www.gocrossland.com today.

Property Features

Property Type: Residential - Single Family
Heating: Natural Gas
Home Style: Contemporary
Lot Size: 0.24 Acres
Roof Type: Shingle
Taxes: $1,351
Year Built: 1961

Feature Descriptions

Days on Site: 6
Exterior: Brick
Fireplace: None
Lot: Interior Lot
Storm Shelter: No

Local Schools

High School: John Marshall HS
Middle School: John Marshall MS
Elementary School: Britton ES
School District: Oklahoma City

Listed By / Shown By

Listed By

Agency Name: KLC Real Estate LLC
Agent Name: Soddee Knight
Agency Phone: (405) 595-0156

Shown By

Agency Title: Crossland Real Estate
Agency Phone: 405-604-6800

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Estimated Payment

$ 1,305.09 per month $1,134.17 Principal & Interest $112.58 Property Tax $58.33 Homeowner's Insurance

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