$1,750,000
For Sale

7295 E Us Highway 270

Alderson, OK 74501
15964 sqft | 2.00 acres | #2516018
Browse 20 photos
Type:Purchase
Structure:Condo
Zone:Commercial

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
      • Utility FeaturesCable Available, Electricity Available, Water Available
      • InteriorHigh Speed Internet, CableTv
      • School DistrictHaileyville - Sch Dist (E4)
      • SubdivisionPittsburg Co Unplatted
      • Exterior MaterialsOther, Satellite Dish
      • Sewer InformationSeptic Tank
      • Original List Price$1,750,000
      • CountyPittsburg
      • Property SubtypeApartment
      • Property TypePurchase
      • Taxes Annual$15,171
      • MLS #2516018
      • Cost1750000
      • MLS #2516018
      • Utility SourcePublic
      • Square Feet15964
      • Year Built2007
      • FoundationSlab
      • Days on Market (Cumulative)185
      • Acres2

Location

Gayla WadeReal Estate Group
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