617 NW 88th ST, Oklahoma City, OK 73114
See all 18 photos
617 NW 88th ST, Oklahoma City, OK 73114
617 NW 88th ST, Oklahoma City, OK 73114
617 NW 88th ST, Oklahoma City, OK 73114
617 NW 88th ST, Oklahoma City, OK 73114
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Soddee Knight • KLC Real Estate LLC
$ 199,999
Est. payment /mo
Save
New

617 NW 88th ST Oklahoma City, OK 73114

3 Beds

2 Baths

2,136 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,136 sqft

Price per Sqft $93

MLS Listing ID OKC1253538

Style Contemporary

Bedrooms 3

Full Baths 2

Construction Status Brick

Year Built 1961

Annual Tax Amount $1,351

Lot Size 10,498 Sqft

Acres 0.241

Property Sub-Type Single Family Residence

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.

Location

State OK

County Oklahoma

Rooms

Dining Room 1

Interior

Heating Natural Gas

Cooling Electric

Fireplaces Type None

Fireplace N

Exterior

Roof Type Shingle

Private Pool false

Building

Lot Description Interior Lot

Foundation Slab

Architectural Style Contemporary

Level or Stories Two

Structure Type Brick

Construction Status Brick

Schools

Elementary Schools Britton Es

Middle Schools John Marshall Ms

High Schools John Marshall Hs

School District Oklahoma City

Multiple Listing Service of Oklahoma (MLSOK)

NEARBY SCHOOLS & PROPERTIES

Carlene Rupp

Carlene Rupp

Advisor License ID: 159793

+1(405) 471-1480

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Rupp Group, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

617 NW 88th ST