Contacts
Kevin King
(918) 853-9182
Taylor Cornelius
(806) 290-7591
Gary Krisman
(918) 812-7830
Property Details
- Property Type Other
- Units 48
- Date Updated Apr 26, 2024
- Website 2propertyportfolio.sharplaunch.com
Listed at a competitive 7.96% cap rate and boasting gross scheduled incomes of $220,800 and $184,800 respectively, these complexes represent the epitome of a valuable real estate venture in Stigler. The recent modifications guarantee minimized operational hassles for years to come.
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Highlights
- Profitable Financial Metrics: Combined gross incomes of $405,600 annually with a potential for increased revenue streams from ancillary income opportunities like late fees and laundry.
- Consistent Occupancy: Exceptionally low vacancy rate, ensuring a steady and consistent rental income.
- Value Proposition: Priced at a 7.96% cap rate, offering substantial returns for long-term investors.
- Community Amenities: Both complexes are within proximity to local attractions, shopping centers, schools, and recreational areas.
- Future Growth Potential: Stigler's favorable real estate metrics and growth trajectory make it an ideal place for sustainable rental demand.
- Seller Financing: Elevating the appeal of this investment is the seller's offer to finance up to 80% of the purchase price, presenting a distinct advantage for investors. Terms remain negotiable, offering flexibility to suit various financing needs.
Attachments
Getting around
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30/100
Walk Score ®
-
35/100
Bike Score ®
Location
- City Stigler, OK
- Zip Code 74462
Points of Interest
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EZ Mart
0.49 miles
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Total Express
1.00 miles
-
Mainstreet Service Station
1.12 miles
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J & J
9.42 miles
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Walmart
1.47 miles
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Market Square Thriftway
0.66 miles
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Walmart Supercenter
1.54 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.