Key Realty and property management
Karyn Seabrooke - Oklahoma Realtor®
(405) 605-6445
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Apartment Complex – Listed and Sold in a week!

March 2, 2019 by kseabrooke Leave a Comment

16 Unit Apartment Complex – Listed and Sold in a week!

Looking to Sell your Investment Property? 

Look no further than Karyn at Key Realty and Property Management.

Whether you are Buying or Selling Investment Property here in the Oklahoma City Metro, you can rely on Karyn and her Team for top guidance and professionalism throughout the transaction process. Karyn is a seasoned Investor herself having owned and managed hundreds of apartments and homes in the metro over the past 20+ years. 

Don’t delay, make the call today.

Karyn Seabrooke                                                                                                                                                                                                                            Key Realty and Property Management                                                                                                                                                                                        405-605-6445

 

 

 

Investor Alert! Strong Cash Flow – Hurry Hurry…Price $190K

February 26, 2019 by kseabrooke Leave a Comment

Investor Alert! Strong Cash Flow

Multifamily listing Wow 6 units… this won’t last at $190K. 

Two single family dwellings plus 4 garage apartments- 6 units total. This home is a 2 bed 1 bath 1 plus 2 garage apts in the back. The home next door is a 3 bed 2 bath 1 Car garage plus 2 garage apts in the back. Combined square footage for all units is 4941. Both homes have a shared drive way. Please see rent rolls and financials provided. This home has central heat and window units for a/c. All the garage apts have window units and gas wall heaters. The second home has central heat and air.

All units are rented. Homes and apts are easy to rent. This listing is being sold as-is.

Monthly Income $7,500 per month

 

 

 

Call 405-605-6445 for your showing.

 

Key Realty and Property Management

 

Looking to Buy Investment Property in OKC? Call Key Realty and Property Management

December 11, 2018 by kseabrooke Leave a Comment

Buying Investment Property in OKC

If you are looking at Buying Investment Property in OKC – Look to the Experts at Key Realty and Property Management.

We are a Full Service Property Management Company and we can help you find the right Investment Property or if you are thinking of Selling – we have plenty of current clients looking to add to their existing portfolio.

10 Reasons To Invest In Oklahoma City Real Estate Market

Oklahoma City is home to just over 600,000 people. The metropolitan area is home to over a million people. The Oklahoma City housing market is stable to strong because it is slowly growing. The Oklahoma metro area grew from 1.25 to 1.4 million between 2010 and today. Here are 10 reasons to invest in the Oklahoma City real estate market.

1. It Is Landlord Friendly

Oklahoma in general is landlord friendly. In general, you don’t need a rental license to be a landlord in the state. There is no payment grace period law. Interest isn’t owed on deposits. Landlords can evict a tenant in Oklahoma City for failure to pay rent, criminal activity and material breaches of the lease. If the landlord wants to evict them for a breach of lease, a ten day written notice is required in which the tenant has to solve the issue. If they don’t, they can be given 15 days to leave. The only exception is criminal activity that poses a health or safety threat to tenants and those around them – you can evict someone immediately for that. This includes illegal drug activity in a the unit. Eviction can proceed five days after failing to pay the rent.

2. Steady Growth in Property Values

The Oklahoma City real estate market is bolstered by steady population growth of 1% to 2% a year, both within Oklahoma City itself and the surrounding suburbs. This keeps housing prices and rental rates going with the rate of inflation if not better. However, it doesn’t create the boom or bust cycles that risks landlords losing all their equity when a hot market cools.

3. Housing Stock Growth Is Slow

Oklahoma City is issuing building permits for single family housing slowly. New multi-family housing stock is slow to nonexistent. The Core to Shore redevelopment of downtown Oklahoma City will bring new commercial buildings to accompany the new convention center. However, this urban redevelopment plan does not include condo towers and apartment buildings that would lower demand for rental units in the surrounding area.

4. Long Term Potential

The Oklahoma City real estate market is bolstered over the long term by its excellent long term demographic trends. The median age is in the mid-thirties, several years younger than the rest of the country. A quarter of the population is under age 18, and because of the strong local economy, they don’t have to move away to find work. Expect locals to stay and raise their families here, keeping the local Oklahoma City housing market stable.

5. Affordable Housing Stock for Investors

The Oklahoma City real estate market is notable for how affordable real estate is. The median value of an owner-occupied home according to the Census was $143,000 as of 2016. In 2018, the media value was $155,000. Despite this price appreciation, you can buy single family homes to rent out at a fraction of the cost of a California condo.

6. A Fairly Large Pool of Potential Renters

Kiplinger gave Oklahoma City a 3 for affordability by first time home buyers. The median household income is around $50,000. This means that there is a moderately large minority of residents who cannot afford to buy a home despite the relatively low cost of real estate.

7. Good Rental Rates

According to Census.gov, the median gross rent between 2012 and 2016 in Oklahoma City was around $800. However, the rental rate depends on where you live and how large the place is. For example, a one bedroom apartment in downtown costs around $800 a month to rent whereas you’d pay about $600 a month in the suburbs. A three bedroom apartment in the suburb costs $1000-$1100 per month, whereas you’d pay $1300 or more per month for a three bedroom apartment. Many residents would pay this amount or a little more to rent a single family home, while the mortgage and property taxes on the property would let the landlord clear several hundred dollars a month.

8. Overall Market Stability

We touched on the topic of not wanting to end up buying at the peak of a housing bubble before the collapse. For those who want to know their investment will retain its value, you’ll appreciate knowing that Oklahoma City is one of the least volatile housing markets in the country. The FHFA home price index only showed year over year declines in four quarters between 2011 and 2016. While these years aren’t the worst for real estate (see the 2007-2008 housing collapse), they reflect a large part of the Obama recession where housing fluctuated wildly before beginning to recover.

9. A Large Student Population

Oklahoma City is notable for the relatively large number of colleges and universities in the area. There are five public universities in Oklahoma City and its suburbs. There are fifteen more private universities in and around the city. If you want to invest in the Oklahoma City housing market while catering to students, this diversity is a plus because the value of the housing isn’t tied to the rise and fall of one particular university.

10. It Is Better Than Tulsa in General

We think the Oklahoma City real estate market is a better choice for real estate investors than neighboring Tulsa for several reasons. Tulsa keeps showing up in lists for first time home buyers because it is more affordable than Oklahoma City. That means there are fewer potential renters who would pay well to rent a good single family home or apartment. Tulsa has twice the population density. That makes single family homes for rent more expensive and harder to find for potential landlords. The smaller average household size in Tulsa reduces the share of the population that wants to rent a larger residence, as well. Oklahoma City has a slightly lower cost of living than Tulsa, as well, attracting more residents from out of state and improving profit margins for property owners.

Source  http://www.noradarealestate.com/blog/oklahoma-city-real-estate-market/

Call Tom or Karyn at Key Realty and Property Management today…   405-605-6445

Looking to Buy or Sell Investment Property? Needing a good Property Management Company? Look no further than Key Realty and Property Management 405-605-6445 or text to 405-409-7779   https://www.keyrealtyokc.com #propertymanagement #okcrentals #corporatehousing #investmentproperties Key Realty

Thinking of Buying Investment Property?

November 30, 2018 by kseabrooke Leave a Comment

Buying Investment Property in OKC

If you are looking at Buying Investment Property in OKC – Look to the Experts at Key Realty and Property Management.

We are a Full Service Property Management Company and we can help you find the right Investment Property or if you are thinking of Selling – we have plenty of current clients looking to add to their existing portfolio.

10 Reasons To Invest In Oklahoma City Real Estate Market

Oklahoma City is home to just over 600,000 people. The metropolitan area is home to over a million people. The Oklahoma City housing market is stable to strong because it is slowly growing. The Oklahoma metro area grew from 1.25 to 1.4 million between 2010 and today. Here are 10 reasons to invest in the Oklahoma City real estate market.

1. It Is Landlord Friendly

Oklahoma in general is landlord friendly. In general, you don’t need a rental license to be a landlord in the state. There is no payment grace period law. Interest isn’t owed on deposits. Landlords can evict a tenant in Oklahoma City for failure to pay rent, criminal activity and material breaches of the lease. If the landlord wants to evict them for a breach of lease, a ten day written notice is required in which the tenant has to solve the issue. If they don’t, they can be given 15 days to leave. The only exception is criminal activity that poses a health or safety threat to tenants and those around them – you can evict someone immediately for that. This includes illegal drug activity in a the unit. Eviction can proceed five days after failing to pay the rent.

2. Steady Growth in Property Values

The Oklahoma City real estate market is bolstered by steady population growth of 1% to 2% a year, both within Oklahoma City itself and the surrounding suburbs. This keeps housing prices and rental rates going with the rate of inflation if not better. However, it doesn’t create the boom or bust cycles that risks landlords losing all their equity when a hot market cools.

3. Housing Stock Growth Is Slow

Oklahoma City is issuing building permits for single family housing slowly. New multi-family housing stock is slow to nonexistent. The Core to Shore redevelopment of downtown Oklahoma City will bring new commercial buildings to accompany the new convention center. However, this urban redevelopment plan does not include condo towers and apartment buildings that would lower demand for rental units in the surrounding area.

4. Long Term Potential

The Oklahoma City real estate market is bolstered over the long term by its excellent long term demographic trends. The median age is in the mid-thirties, several years younger than the rest of the country. A quarter of the population is under age 18, and because of the strong local economy, they don’t have to move away to find work. Expect locals to stay and raise their families here, keeping the local Oklahoma City housing market stable.

5. Affordable Housing Stock for Investors

The Oklahoma City real estate market is notable for how affordable real estate is. The median value of an owner-occupied home according to the Census was $143,000 as of 2016. In 2018, the media value was $155,000. Despite this price appreciation, you can buy single family homes to rent out at a fraction of the cost of a California condo.

6. A Fairly Large Pool of Potential Renters

Kiplinger gave Oklahoma City a 3 for affordability by first time home buyers. The median household income is around $50,000. This means that there is a moderately large minority of residents who cannot afford to buy a home despite the relatively low cost of real estate.

7. Good Rental Rates

According to Census.gov, the median gross rent between 2012 and 2016 in Oklahoma City was around $800. However, the rental rate depends on where you live and how large the place is. For example, a one bedroom apartment in downtown costs around $800 a month to rent whereas you’d pay about $600 a month in the suburbs. A three bedroom apartment in the suburb costs $1000-$1100 per month, whereas you’d pay $1300 or more per month for a three bedroom apartment. Many residents would pay this amount or a little more to rent a single family home, while the mortgage and property taxes on the property would let the landlord clear several hundred dollars a month.

8. Overall Market Stability

We touched on the topic of not wanting to end up buying at the peak of a housing bubble before the collapse. For those who want to know their investment will retain its value, you’ll appreciate knowing that Oklahoma City is one of the least volatile housing markets in the country. The FHFA home price index only showed year over year declines in four quarters between 2011 and 2016. While these years aren’t the worst for real estate (see the 2007-2008 housing collapse), they reflect a large part of the Obama recession where housing fluctuated wildly before beginning to recover.

9. A Large Student Population

Oklahoma City is notable for the relatively large number of colleges and universities in the area. There are five public universities in Oklahoma City and its suburbs. There are fifteen more private universities in and around the city. If you want to invest in the Oklahoma City housing market while catering to students, this diversity is a plus because the value of the housing isn’t tied to the rise and fall of one particular university.

10. It Is Better Than Tulsa in General

We think the Oklahoma City real estate market is a better choice for real estate investors than neighboring Tulsa for several reasons. Tulsa keeps showing up in lists for first time home buyers because it is more affordable than Oklahoma City. That means there are fewer potential renters who would pay well to rent a good single family home or apartment. Tulsa has twice the population density. That makes single family homes for rent more expensive and harder to find for potential landlords. The smaller average household size in Tulsa reduces the share of the population that wants to rent a larger residence, as well. Oklahoma City has a slightly lower cost of living than Tulsa, as well, attracting more residents from out of state and improving profit margins for property owners.

Source  http://www.noradarealestate.com/blog/oklahoma-city-real-estate-market/

Call Tom or Karyn at Key Realty and Property Management today…   405-605-6445

Looking to Buy or Sell Investment Property? Needing a good Property Management Company? Look no further than Key Realty and Property Management 405-605-6445 or text to 405-409-7779   https://www.keyrealtyokc.com #propertymanagement #okcrentals #corporatehousing #investmentproperties Key Realty

Short Term – Fully Furnished Homes, Condos and Apartments in OKC

November 27, 2018 by kseabrooke Leave a Comment

Short Term – Fully Furnished Homes, Condos and Apartments in OKCfurnished short term rentals
Several Properties to choose from.
All Utilities and Wi-fi included. Most have Laundry on-site.
One and Two Bedroom Homes – Condos and Apartments.
All tastefully decorated, including all bedding, cookware, linens, towels etc…

Economy 2 Bedroom Condo -near Baptist and Integris Hospitals, has all the basics $1,250 monthly
One bedroom in the Plaza District, all new Stainless Appliances, hardwood floors, $1,800 monthly
Two bedroom house with big fenced yard, garage, new Queen beds, $2,400 monthly
Weekly rates available

We have others…

Key Realty and Property Management
426 NW 5th St, OKC, OK 73102
405-605-6445 ask for Tom OR text me direct 405-409-7779

Short Term Corporate Rentals in Oklahoma City

November 16, 2018 by kseabrooke Leave a Comment

Short Term Corporate Rentals in Oklahoma City

Fully furnished, short-term corporate rentals in Oklahoma City. All utilities and Wi-Fi included. One and two bedroom apartments, condos and single family homes for lease.                 Rentals from 7 days to 7 months or longer. 

This week’s featured property is a 2 bedroom Condo near Baptist and Integris Hospitals.

Economy 2 Bedroom Condo – Has all the Basics. All cooking utensils, pots, pans, cleaning supplies, bedding, towels, hairdryer etc… 

Weekly lease rates from $350 – Monthly from $1,200 (seasonal) plus a one-time $150 cleaning fee.

 

 

Call or Text to

405-409-7779

Key Realty and Property Management 426 NW 5th Street, Suite 150, Oklahoma City, OK  73102  Office phone 405-605-6445 

Corporate Short Term Furnished Housing in Oklahoma City

July 30, 2018 by kseabrooke Leave a Comment

Key Realty and Property Management offers Corporate Short Term Furnished Housing in OKC.

Several different models to choose from. One and two bedroom apartments, Condos and single family homes.

Prices ranging from $1,250 – $6,000 per month. Includes all utilities, wifi and cable.   

Key Realty and Property Management provides spacious, modern apartments, condo’s and homes – ideal for corporate housing, oklahoma city real estate for sale,short term furnished apartments oklahoma city okconveniently corporate furnished rentals oklahoma citylocated in several choice neighborhoods through-out Oklahoma City. Within walking distance or a short drive of several major Oklahoma City-based corporate offices and conference centers, Our properties provide far more space and amenities than a hotel room. Whether you need a one-bedroom or multiple-bedroom units, Key Realty and Property Management offers furnished units, exceptional amenities and the comfort of a home-away-from-home, complete with fully equipped kitchens, separate living and sleeping quarters, and some offer access to fitness clubs. With Oklahoma City’s premier corporations and entertainment only a few steps away. 

Your destination is just outside the front door.

The corporate housing package includes:

  • Furniture
  • Bedding & Linens
  • Housewares
  • Towels
  • Utilities
  • Cable modem and wifi
  • Extended basic TV package with upgrades available

Featured Corporate Rental this Month 

Fantastic rental perfect for corporate housing or short term located across from Quail Springs Shopping Mall in NW OKC. Recently renovated, 2 BDRM, 2 Bath contemporary style condo is fully furnished and features all appliances, all bedding and linens, kitchen cookware and place settings, soaps and shampoo and a full size washer/dryer. Comes with cable TV, internet, electric and water all included. Mercy Hospital and Oklahoma Heart Hospital nearby, plenty of restaurants, grocery and major shopping malls across the street. Everything you need to feel at home!   Monthly rates starting at $1,850 per month, no long term commitment required. 

See  Slideshow here  

Key Realty and Property Management

426 NW 5th Street #150

Oklahoma City, OK 73102

405-605-6445 or text to 405-409-7779

tom@keyrealtyokc.com

Short Term Furnished Condo near Integris Hospital – State Fair Park

May 27, 2018 by kseabrooke Leave a Comment

Short Term Furnished Condo near Integris Hospital – State Fair Park

Short Term Furnished Condo located off of NW 59th and May Avenue and NW Expressway, downstairs 2 bedroom 2 bath with 1 reserved parking space, central heat and air, free laundry. Completely remodeled new paint, new wood floors, new blinds. Covered patio with grill and sitting area. There are 2 walk in closets, large living and dining area and ceiling fans. Home comes with all the bells and whistles, bathrooms have been renovated very cute! Home is fully furnished, nice courtyards and swimming pool..

Plenty of restaurants and shopping nearby, close to Integris Baptist Hospital and less than 5 miles to State Fair Park. 

Call or Text to 405-409-7608

Key Realty and Property Management, and Yes, we have others…

Call or Text to 405-409-7608

Executive Furnished 2 Bedroom – Gated Community in Edmond

May 14, 2018 by kseabrooke Leave a Comment

Executive Furnished 2 Bedroom with Jacuzzi Tub

Gated Community in Edmond

This beautiful home is located in the Edinburgh Addition in N Edmond. This is a gated community with private entry.  This lovely home is a 2 bedroom 2 full bath with an open floor plan. The home has elevated ceilings the living room is spacious with a wonderful fireplace with wood floors. The open kitchen has stainless steel appliances including refrigerator, gas stove & dishwasher. There are granite counter tops, a built in microwave and oven. The fully furnished property comes with all the amenities you can image. There is a covered patio, community pool managed by the HOA. The master suite has a jacuzzi tub, walk in closet, dual vanities. Call the office at 405-605-6445 or Text 405-409-7608 to book your viewing today! Minimum 1 month lease and maximum 6 month lease.
 
 
Key Realty and Property Management LLC (Management Company)  426 NW 5th Street #150,  OKC, OK, 73102 

Best Large Cities to Start a Business – Oklahoma City ranks #1 

May 4, 2018 by kseabrooke Leave a Comment

Oklahoma City ranks #1 

Source Wallethub.com

Best Large Cities to Start a Business – Oklahoma City ranks #1 

This makes Oklahoma City an Excellent Market to purchase your Investment Property. 

Americans are born with an entrepreneurial streak. It’s in our DNA. From the Gold Rush to the Industrial Revolution to the Internet Age, intense periods of innovation have molded our economy and sparked important societal advancements.

Today, more than 15 million people in the U.S., or about 10 percent of the labor force, work for themselves. And there is always room in the market for new ideas, products, services and multi-million-dollar success stories — if one knows where to look.

In order to help aspiring entrepreneurs — from restaurant owners to high-tech movers and shakers — maximize their chances for long-term prosperity, WalletHub compared the relative startup opportunities that exist in more than 180 U.S. cities. We did so using 19 key metrics, ranging from five-year business-survival rate to office-space affordability. Check out our findings, additional expert commentary and a detailed methodology below.

For a breakdown of smaller markets, check out WalletHub’s  Best Small Cities to Start a Business ranking.

Call us today for your Real Estate Investment Property.

Key Realty and Property Management  405-605-6445

 

 

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Key Realty and Property Management LLC

4415 N Classen Blvd, Oklahoma City OK 73118

(405) 605-6445 Office | (405) 605-6440 Fax
Contact Karyn

Karyn Seabrooke

Key Realty and Property Management is a full service real estate company specializing in residential, commercial, investment real estate and offers professional property management. Karyn has been involved in property ownership, management, and real estate development in Oklahoma City since 1994. Meet Karyn Seabrooke
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