DETAILS

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 FEATURES

PROPERTY DETAILS

Street Address: 7295 E Us Highway 270
City: Alderson
State: Oklahoma
Postal Code: 74501
County: Pittsburg
MLS Number: 2433973
Year Built: 2007
Courtesy of Keller Williams SEOK

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