7295 E Us Highway 270
Alderson, OK 74501
$1,750,000
15964 sqft | 2.00 acres | #2433973
For Sale
Description
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.
Property Details
- Interior:High Speed Internet, CableTv
- Exterior materials:Other, Satellite Dish
- Acres:2
- Square Feet:15964
- Property type:Purchase
- Year built:2007
- Foundation:Slab
- Sewer information:Septic Tank
- Utility source:Public
- Utility features:Cable Available, Electricity Available, Water Available
- Subdivision:Pittsburg Co Unplatted
- School district:Haileyville - Sch Dist (E4)
- County:Pittsburg
- Original List Price:$1, 750, 000
- Days on Market (Cumulative):71
- Taxes annual:$14, 681
- MLS #:2433973
- Cost:1750000
- Property subtype:Apartment
- MLS #:2433973
Location
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Last Updated: . Source: NORES
Listing Courtesy
Listing Agent: Kevin Beaty
Listing Office: Keller Williams SEOK
Gayla WadeReal Estate Group
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
Estimated Monthly Payment
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Loan Amount
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