Renovated Income-Producing Condo in Nichols Hills Unit 216 Offered at $319, 900 | Leased at $1, 850/month through November 2026 Excellent investment opportunity in the heart of Nichols Hills. This fully renovated condo delivers steady rental income with a strong tenant in place paying $1, 850/month through November 2026. A low-maintenance income property in one of Oklahoma Citys most desirable neighborhoods with all major updates already completed. Property Highlights: 2 spacious bedrooms | 2.5 bathrooms Remodeled from the studs: new kitchen, quartz countertops, stainless steel appliances (refrigerator included), cabinetry, flooring, HVAC, plumbing, and electrical Open living area with balcony views of Downtown OKCs Devon Tower Executive suite with two walk-in closets and full en suite bath Convenient upstairs laundry area Renovated bathrooms with new tile, vanities, and fixtures One designated covered parking spot Community Amenities: Modernized pool area with new turf and gazebo for entertaining. The HOA covers partial insurance, pool, maintenance of the grounds, and trash service. Located within walking distance to Trader Joes, Starbucks, Empire Slice, and Grand Blvd trails, with Whole Foods and Classen Curve just minutes away. This unit can also be purchased with Unit 211 (leased at $1, 825/month through August 2026) for a stronger portfolio package. Investor Snapshot: Steady Income: $1, 850/month | $22, 200/year
Property Features
Bedrooms
Other Rooms
- Total Rooms: 8
- Inside Utility
- Living Room Level: Ceiling Fan, Remodeled
- Living Room Description: Ceiling Fan, Remodeled
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 1/2 Bathrooms: 1
Interior Features
- Ceiling Fans(s)
- Laundry Room
- Flooring: Carpet, Tile, Wood
- Window Features: Vinyl Frame
Appliances
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Washer/Dryer
Heating and Cooling
- Cooling Features: Central Elec
- Heating Features: Central Electric
Kitchen and Dining
- Dining Room Description: Eating Space, Formal, Remodeled
- Dining Room Level: Eating Space, Formal, Remodeled
- Kitchen Description: Breakfast Bar, Eating Space, Island, Kitchen, L Shaped, Pantry, Remodeled, Sitting Area
- Kitchen Level: Breakfast Bar, Eating Space, Island, Kitchen, L Shaped, Pantry, Remodeled, Sitting Area
Exterior and Lot Features
Pool and Spa
- Pool Features: Indoor
- Pool Private: Yes
Land Info
- Lot Description: Interior Lot
Garage and Parking
Homeowners Association
- Association: Yes
- Association Amenities: Pool
- Association Fee: 2350
- Association Fee Frequency: Annually
- Association Fee Includes: Garbage, Insurance, Common Area Maintenance, Partial Utilities, Pool
- Calculated Total Monthly Association Fees: 196
School Information
- Elementary School: Nichols Hills ES
- High School: Classen HS Of Advanced Studies
- High School District: Oklahoma City
- Middle School: Classen MS Of Advanced Studies
- School District: Oklahoma City
Other Property Info
- Annual Tax Amount: 6309.7300
- Source Listing Status: Active
- County: Oklahoma
- Directions: From NW 63rd and Grand Blvd, go north to Sherwood Lane and turn right. Property is on the right. Go in through the main entrance.
- Source Property Type: Residential
- Property Subtype: condo
- Parcel Number: 1110NONESherwood21673116
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 1248
- Year Built: 1974
- Building Exterior Type: Brick & Frame, Stone, Stucco
- Construction Materials: Brick & Frame, Stone, Stucco
- Foundation Details: Combination
- Levels: Upper (Condo Only)
- Living Area Source: Assessor
- Property Age: 51
- Roof: Composition
- Total Area Sqft: 1248
- Year Built Details: Existing
- Architectural Style: Contemporary, Mid Century
Utilities
- Electricity Available
- Public
Home Features
- Energy: Programmable Thermostat
- Other Equipment: Smoke Alarm