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Street View
$199,999
Monthly Est:$995
3 Beds
- 2 Baths
2 full baths
2,136sqft
617 NW 88th Street, Oklahoma City, OK 73114
$199,999
$995/moEst:
Get Pre-Approved
Single Family Residence
Built in 1961
$-- HOA
10,498 sqft lot
$94/sq.ft
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.
- Houzeo last checked: 1 hour ago
- Listing updated: October 14, 2026 at 3:03 am
- Listing Provided by: Soddee Knight (405) 595-0156 | KLC Real Estate LLC (405) 595-0156
- Source: MLSOK-OK | MLS#: 1253538

Property Details
Status
Active
Type
Single Family Residence
No. of Stories
-
County
City
Neighborhood
--
Year Built
1961
HOA Fees
-
Finished Area
2,136 sqft
Lot Size
10,498 sqft lot
Basement Area
- sqft
MLS Name
MLSOK
MLS Number
1253538
MLS Status
Active
Days on Market
7

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Cooling
Electric
Heating
Natural Gas
Construction
Year Built
Year Built: 1961
Home type
Single Family Residence
Architectural Style
Contemporary
Construction Materials
Brick
Foundation Details
Slab
Roof
Shingle
Utilities & Energy
Fireplace Features
None
Other Features
Lot Features
Interior Lot
Disclosures
Exempt
Patio And Porch Features
Porch
Price History
| Date | Event | Price |
|---|---|---|
07/30/2026 Source: | Listed for Sale | $234,999 +17.50% $110/sqft |
07/30/2026 Source: | Price Increased | $199,999 +135.29% $94/sqft |
03/20/2024 Source: | Sold | $85,000 $40/sqft |
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Based on information from the MLSOK through Oct 20, 2026, 09:19AM. This information is not verified for authenticity or accuracy, is not guaranteed, and may not reflect all real estate activity in the market. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. We do not attempt to verify the currency, completeness, accuracy, or authenticity of the data contained herein. Information is subject to transcription and transmission errors and is provided “as is”. All information, including but not limited to property square footage and lot size, zoning, and fitness for a particular purpose is subject to inaccuracies and should be independently verified through personal inspection and/or consultation with appropriate professionals. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. Information last updated on Oct 20, 2026, 09:19AM. © 2026 MLSOK, Inc. All rights reserved.
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