Investment Highlights Cap Rate: With a robust 7.8% cap rate, this well-maintained property provides potential buyers with a solid return on investment. Stable Occupancy: The complex has maintained 100% occupancy with a vacancy rate of less than 2% throughout its life, showcasing long-term tenant stability and minimizing investor risk. Upside Potential: Each unit is separately metered for electricity, allowing the new owner to shift electricity costs to tenants, which can significantly increase the net operating income (NOI). Owner Financing: The seller is willing to consider owner financing up to $500,000, offering flexibility for potential buyers. Well-Maintained: The property is in excellent condition, requiring no immediate capital expenditures, making it an attractive turnkey investment. Garage Parking: All units feature one or two-car garages, enhancing tenant satisfaction and ensuring continued high occupancy. Prime Location: Less than four miles east of McAlester, Oklahoma city limits, on Highway 270, the complex benefits from easy access to local amenities and employment centers within the Township of Alderville.
MLS# | 2433973 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 2007 |
Days On Site | 30 |
Listing Provided By | Keller Williams SEOK | Kevin Beaty |
SQ Feet | 15,964 |
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Zoning | None |
Acreage | 2.00 |
State | OK |
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County | Pittsburg |
City | Alderson |
Zip Code | 74501 |
Community Name | Pittsburg Co Unplatted |
Listing VS Median (in Pittsburg Co Unplatted) | |
Price: $1,750,000 low | high Med: $274,950 SqFt: 15,964 low | high Med: 1,448 $ / SqFt: $110 low | high Med: $190 On Site: 30 low | high Med: 85.5 |