Downtown Investment Property, Office, Two Bedroom Loft and Warehouse

December 8, 2020 by kseabrooke Leave a Comment

OKC Investment Property, Office, Loft and Warehouse

This multi-use building includes with Office, Warehouse and a Two Bedroom Loft.

This Amazing Downtown Office building, Warehouse and 2nd story Apartment Flat is a gem to find in the heart of Downtown OKC. Walking distance to the Midtown district, Museums, Fine Restaurants, and Scissor Tail Park.

The lower Law Office has been remodeled in 2006 and holds 3 office spaces, a conference room, copy room, 2 additional work stations, break room and 2 bathrooms. Comes with 8 marked parking and potentially 2 additional exterior parking spaces. Love to live where you work, you can, with the upstairs 2 bed 2 bath loft apt with elevator and 2 reserved interior garage parking.

The apartment has a formal living and formal dining, wonderful kitchen with an open layout. The upstairs laundry is very convenient and has an amazing outdoor patio that will allow for entertaining and or quiet get away in the heart of the city life. The attached warehouse space is ready to be built to suit by any new owner or tenant.

Apartment is 2250sf, Law office is 2875sf and Warehouse is 2750sf.

Property is easy to show contract listing realtor 405-409-7989. 2019

Utility Costs = $4344.00 (The utility account combines, gas, water/trash and electric.) 2019 Ad Valorem Taxes = $4599.00 2020 Insurance for building – $5125.00 Office remodeled in 2006. Upstairs flat has fire (wet) suppression system. ZONED Commercial/Residential. Listing Realtor related to seller

411 NW 5th ST, Oklahoma City, OK 73102

www.KeyRealtyOKC.com

405-605-6445

Yelp Ranked Top 10 Property Management Companies in OKC, We are #1

December 30, 2019 by kseabrooke Leave a Comment

We ranked #1 out of 234 Property Management Companies in Oklahoma City. Yelp.com

Best Property Management Company in Oklahoma City.

If you are considering investment property or if you need a proven local property management team, give Karyn a call 405-605-6445

Key Realty and Property Management
www.keyrealtyokc.com

See the entire article right here.

Also, high marks from expertise.com

https://www.expertise.com/…/oklahoma-ci…/property-management

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

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

List and Sell Your Home on MLS 4% Commission

September 30, 2016 by kseabrooke Leave a Comment

Fall Special – List and Sell Your Home on the MLS Only 4 % Commission

That’s right folks, this Fall we are giving all Home Sellers a break on Commissions. Save A Bunch…

Traditionally, Real Estate Companies charge Commissions and Fees to Sellers equal to 6% or higher for Listing and Selling their Clients Homes “For Sale” on the MLS. Well, take advantage of our “Fall Special” and get the same exposure you would expect from a Real Estate Company here in OKC – but for a Lot Less.

Your Home will be seen by all Real Estate Companies and their Agents and all people searching on sites like Trulia, Realtor.com and of Course the OKC MLS and all other Partners Sites.

Call, text or email Tom at KeyRealtyOKC.com for more details and get started on the Amazing Journey – sell your home and let Tom help you look for your next Dream Home Text to 405-409-7608 or tom@keyrealtyokc.com

Here are a few tips for Sellers…Special Thanks to HGTVhttp://www.hgtv.com/design/decorating/design-101/10-best-kept-secrets-for-selling-your-home

Selling Secret #10: Pricing it right
Find out what your home is worth, then shave 15 to 20 percent off the price. You’ll be stampeded by buyers with multiple bids — even in the worst markets — and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market.

Selling Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy.

Selling Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable.

Selling Secret #7: Play the agent field
A secret sale killer is hiring the wrong broker. Make sure you have a broker who is totally informed. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market and know the comps in your neighborhood. Find a broker who embraces technology – a tech-savvy one has many tools to get your house sold.

Selling Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day.

Selling Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout.

Selling Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space.

Selling Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen.

Selling Secret #2: Always be ready to show
Your house needs to be “show-ready” at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape. Don’t leave dishes in the sink, keep the dishwasher cleaned out, the bathrooms sparkling and make sure there are no dust bunnies in the corners. It’s a little inconvenient, but it will get your house sold.

Selling Secret #1: The first impression is the only impression
No matter how good the interior of your home looks, buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. You can typically get a 100-percent return on the money you put into your home’s curb appeal. Entryways are also important. You use it as a utility space for your coat and keys. But, when you’re selling, make it welcoming by putting in a small bench, a vase of fresh-cut flowers or even some cookies.

Save on your Commissions and List and Sell with Tom – Key Realty and Property Management

Call or Text to 405-409-7608

0r email to tom@keyrealtyokc.com

OKC, Good Jobs, Affordable Housing and High Quality of Life

June 13, 2016 by kseabrooke Leave a Comment

Only Three US Cities Have Good Jobs, Affordable Housing, and High Quality of Life

When looking for a place to live and to invest, people are generally looking for three things: affordability, a strong economy, and good quality of life. Most US cities can only claim excellence in one of these areas. A dozen cities specialize in two. But if you truly want it all, you only have three choices.

And they’re all in the Midwest.

That’s the finding of Josh Lehner at the Oregon Office of Economic Analysis, who explored what’s being called the “housing trilemma”—the idea that due to the housing crisis, Americans have to make big tradeoffs in deciding where to live. Lehner looked at the 100 largest metropolitan areas in the country, comparing them for quality of life, affordability and economic strength across several metrics using Census data and several other indicators.

According to his data (which you can see here), if you want a city that excels in all three, you have just three choices:

Oklahoma City, Oklahoma
Omaha, Nebraska
Des Moines, Iowa

In fact, only 15 cities got high marks in two categories, most of them focused in quality of life. But if it’s most important for you to live in a place with good quality of life and economic strength, you’ll pay more to live there. In fact, this is usually what eventually drives those cities off this Venn diagram, as Lehner explains. Cities that become too desirable become too expensive:

The reason these trade-offs exist is mostly, but not entirely, due to market forces. People want to live in cities with a strong economy and high quality of life. Increased demand for housing leads to higher prices and lower affordability. Nice places to live get their housing costs bid up due to strong demand. The opposite is true as well. Regions with under performing economies and a lower quality of life do have better affordability.

San Francisco, of course, is the quintessential example of a city that has a huge affordability problem that’s keeping people out, even as it remains a great place to live with job growth that’s exploding.

But look at another place that is slowly edging off this chart: Portland, Oregon, which has been celebrated for its quality of life and strong job growth, but in the last few years the city has become way less affordable. Portland is also a unique case in that it has very, very low vacancy rate, which makes it harder for renters to find affordable places to live.

The solution to move more US cities into that sweet spot with Des Moines, Omaha, and OKC is the same one you’ve been hearing throughout the housing crisis: Build more housing.

For more information on Investment Property in Oklahoma City, contact Karyn Seabrooke at

Key Realty an Property Management 405-605-6445

Best City in America

February 23, 2016 by kseabrooke Leave a Comment

The Best City In America Is Actually Right Here In Oklahoma

1. Experts ranked Oklahoma City as one of the best cities to move to in 2015.

2. USA Today recently released a list of “14 Places in America You Have to Visit in 2016” and Oklahoma City made the list along with the likes of San Diego, Hawaii, Las Vegas and more.

3. The OKC metro is one of the most affordable places to live in America.

4. Oklahoma City ranked No. 8 nationally for new home construction in 2015.

5. From music to art and everything in between, Oklahoma City is rich in culture.

6. They not only have one of the best teams in the NBA, but Thunder fans rank among NBA’s best fans in the league.

7. The emerging food scene is incredible.

8. The OKC metro was ranked No. 1 for careers for people with military skill sets and No. 9 in entrepreneurship for military veterans.

9. Americans are “thronging to” Oklahoma City.

10. According to Travel+Leisure, OKC metro ranked No. 5 on “America’s Friendliest Cities” list.

11. The city is very community oriented, with events and gatherings on a weekly basis.

12. OKC is the No. 1 city worth moving to if you want to launch a business.

13. Oklahoma City is one of the best places to find a job.

Special Thanks to Ashley for this great article.

Ashley has lived in Oklahoma for 25 years. She is the Oklahoma staff writer for Only In Your State, busy mom of 3, internet entrepreneur, lover of God, family and OU football. She enjoys spending time golfing with her family and traveling to the beach.

Best Place to Launch a Startup

May 27, 2015 by kseabrooke Leave a Comment

Access to funding, labor and the cost of living can make or break a new business. Based on a NerdWallet study, these 10 cities are the best in the country to launch a startup.

If you have entrepreneurial dreams, you’ll want to consider Oklahoma City. It nabbed the title of the best place to launch a small business last year, according to NerdWallet’s second annual ranking.

“Oklahoma City has seen a recent uptick in small business lending, which is helping to spur entrepreneurship there,” said Sreekar Jasthi, an analyst with NerdWallet, noting that it moved up from fifth place in 2012.

The small business loans are bolstered by a low cost of living and relatively low income tax.

“The ease of getting a business started here is another big sell,” said Susan Urbach, director of the University of Central Oklahoma Small Business Development Center. “You can file all the paperwork online or head downtown and get it all done in a single morning.”

The city’s revitalized downtown and several new business accelerators are helping Oklahoma City attract new startups, particularly in healthcare, biotech and technology.

Courtesy money.CNN.com

Looking for a House to buy or rent, Call Karyn Seabrooke with Key Realty and Property Management

4 Things to Consider Before You Remodel

April 4, 2015 by kseabrooke Leave a Comment

From our friends over at #HomeAdvisor

Oklahoma City defies recession

September 6, 2014 by idxcentral Leave a Comment

Oklahoma City Real Estate Investment

OKLAHOMA CITY

By Dennis Cauchon, USA TODAY

When an auto plant closes, it’s usually bad news for the local economy.

When that factory is a mammoth, 4-million-square-foot operation with thousands of highly paid union workers, the shutdown usually means disaster.

Not in Oklahoma City, where the unemployment rate is low and personal income is soaring.

The General Motors plant closed in 2006, but was quickly reinvented as an aerospace repair operation for neighboring Tinker Air Force Base, one of the military’s largest repair facilities.

The current recession has put much of the U.S. on an economic losing streak. But a few places, including Oklahoma City, have missed most of the pain.

This city is perhaps the most surprising. Construction cranes are busy here. New medical buildings are underway. Buildings are being renovated in the historical Bricktown neighborhood. Oklahoma City’s June unemployment rate of 6% was the second-lowest in the nation for metropolitan areas with 1 million or people, says the Bureau of Labor Statistics. Its per-capita income grew 6.9% in 2008 to $40,942, compared with a year earlier, the Commerce Department reported last week. That growth made the city No. 1 in the USA for large metro areas.

What’s Oklahoma City’s secret? “Luck, as much as anything,” says Roy Williams, Chamber of Commerce president and a former economic developer in Phoenix and Ohio. “We’re doing the right things, in the right place, at the right time.”

Government as a strong jobs base

Of the five big metro areas with the lowest unemployment rates — Salt Lake City, Oklahoma City, Washington, San Antonio and Austin — four are state or U.S. capitals and all have a large government workforce.

Oklahoma City’s economy is not only diversified but, by coincidence, is strong in areas that are thriving — or at least not collapsing — in this recession:

•Government jobs: As a state capital, it has a jobs base that enjoys the stability of government — federal, state and local. Despite budget shortfalls across the USA, state and local government are among the few parts of the economy that have added jobs during the recession.

•Medical and education jobs: Oklahoma City has large medical facilities and universities, types of employers that have held up well in the recession.

•Energy jobs: Oklahoma City is home to the state’s two largest oil and gas companies, Devon Energy and Chesapeake Energy.

The city also escaped the real estate bubble.

The area’s median housing price is $129,900, up 4% from a year earlier, according to the National Association of Realtors. Nationally, housing prices were down 14% during that time.

“Our highs are not high, and our lows are not low,” says Michael Bernard, president of the Mid-Continent Oil and Gas Association of Oklahoma.

Retooling a factory

The city’s economic good fortune has been remarkable — even in failure.

Oklahoma City tried to become a hub for manufacturing airplanes, expanding on the aerospace industry that surrounds the Air Force base, says Mayor Mick Cornett, a Republican. “Then comes the recession. People don’t buy new planes. They repair what they’ve got. Oklahoma City does repair and overhaul. Voilà! Better be lucky than smart,” he says.