Key Realty and property management
Karyn Seabrooke - Oklahoma Realtor®
(405) 605-6445
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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. okc office

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

 

 

 

 

We ranked #5 out of 141 Property Management Companies in Oklahoma City.

October 29, 2019 by kseabrooke Leave a Comment

 

We ranked #5 out of 141 Property Management Companies in Oklahoma City.

Best Property Management.  Property Management Pros, keep up the good work.

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. 

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

 

 

https://www.expertise.com/ok/oklahoma-city/property-management

Just Sold – Multi-family Investment Property for Sale in OKC

October 27, 2019 by kseabrooke Leave a Comment

Just Sold – Multi-family Investment Property for sale in OKC

Karyn starts her year off with the Sale of this elegant historical apartment property located by the OU Medical Center.
The “out of state buyer ” retained Karyn and her property management  company to continue with management of their new investment. 
If you are looking to Buy or Sell Investment Property in the OKC metro area, call Karyn. 
 
Attractive, recently remodeled Multi-family Investment Property for Sale in OKC.                                                                                                    The Chateau De Fleurs Building is for sale, located in  Lincoln Terrace.
This gem of a property features 9 historically preserved Flats. Each of which have been completely updated bringing them into the 21st Century while maintaining the charm of the early 1900’s.
New stainless steel appliances, and central heat/air. Electric panels updated and significant improvements over the past couple of years.
Situated right next to OU Medical Center, several blocks to the state capitol complex and less than one mile to downtown OKC.
Gated entry and secure off-street parking. 
This newly listed investment property is priced at only $815,000.
You can find this and other investment properties for sale here!
 


Call Karyn today for more information and to setup a viewing appointment.

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

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

 

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

FESTIVAL OF THE ARTS – APRIL 24 – 29, 2018 | BICENTENNIAL PARK, DOWNTOWN OKC

April 20, 2018 by kseabrooke Leave a Comment

FESTIVAL OF THE ARTS 

APRIL 24 – 29, 2018 | BICENTENNIAL PARK, DOWNTOWN OKC

Festival of the Arts takes place at Bicentennial Park in downtown Oklahoma City.  The event stretches from Lee Ave east to City Hall, and from Colcord north to Couch Drive, with 750,000 Festival attendees! Come explore and be part of an OKC tradition! 

Festival is open from Tuesday-Saturday, 11 a.m.–9 p.m., and Sunday from 11 a.m. –6 p.m.—rain or shine!

TRAVELING TO THE FESTIVAL

Getting to the Festival is easy.  To see a Google map, click HERE.  To see a list of downtown parking options, click HERE. From I-40, take the Downtown/Shields exit.  The Festival is located in Bicentennial Park, on Walker between Colcord and Couch, and on the City Hall lawn. When traveling to the festival please note that Walker will be closed between Colcord and Couch Drive.

PARKING

Parking will be available in the Arts District Garage located just south of City Hall, as well as the lot located at 444 West Reno.                        A Chesapeake Energy CNG shuttle will pick up passengers at the parking lot every fifteen minutes from 10 a.m. to 10 p.m. daily during the festival. This lot is paid parking.

Paid parking is available in lots and garages located throughout downtown Oklahoma City. There is also limited street parking located around the perimeter of the event. Please visit www.parkingokc.com to see a list of available lots.

Source – Arts Council Oklahoma City 

Key Realty and Property Management

405-605-6445

Awesome Rental Income Property For Sale NW OKC

November 21, 2016 by kseabrooke Leave a Comment

Awesome Rental Income Property For Sale NW OKC

Very Affordable Living at the Villa Manor Apartments on 35th Street.

Investment Property OKC Key Realty

Investment Property

This small complex is nestled in the Darralls Addition in Oklahoma City. Talk about location. Close to the Shepherd Shopping area, easy access to I-44 highway, shopping and great restaurants on May Avenue. Right on the bus line for those seeking a more green mode of transportation. These cute 1 bedroom 1 bath apartments are all electric and come with refrigerator and electric stoves, the bedrooms are nice sized with a spacious living and dining area. Roof replaced in 2012, concrete decks resurfaced 2013, new exterior windows 2016, most units have been remodeled on the interior.

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 for sale  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

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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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