Contact us today 918-571-4100

Facebook-f Instagram Youtube Linkedin-in
$5,250,000
3± Acres
Active
Payne County, OK
Contact Text Me Maps

1010 Lovers, Perkins, Oklahoma

MLS ID: 2608123
Status: Active
Price: $5,250,000
Acres: 3±
Type: Multi-Family, Commercial
Address: 1010 Lovers
City, State: Perkins, OK
County: Payne County
ZIP Code: 74059
Lat/Long: 35.982408, -97.024443
SqFt: 23,300
Year Built: 2025

Description

Companion Park is a newly constructed 17-unit build-to-rent multifamily community located at 1010 Lovers Lane in Perkins, Oklahoma, positioned just minutes from Stillwater and Oklahoma State University.

Completed in phases with the final duplex buildings delivered in August and September 2025, the property consists primarily of modern duplex residences along with a detached single-family home, providing an attractive rental product in a market with strong housing demand.

The property is fully occupied with a diversified lease schedule extending through 2026 and 2027, demonstrating strong tenant retention and stable income performance. The community has experienced minimal turnover, averaging approximately 15 days between tenants, reflecting the desirability of the units and the surrounding area.

Companion Park currently generates approximately $310,200 in annual rental income, projected to increase to approximately $312,000 by August 2026. Operating expenses remain exceptionally efficient due to the property's new construction, tenant-paid utilities, and limited maintenance requirements, resulting in an expense ratio of roughly 24%.

The community benefits from recent improvements including perimeter fencing, with additional curb appeal enhancements planned such as decorative stone and brick entry columns with ranch rail frontage fencing.

Key operational highlights include:

• 17-unit stabilized multifamily asset

• Modern duplex construction completed in 2025

• Strong in-place income with projected rent growth

• 100% occupied with staggered lease expirations

• Tenant-paid utilities

• Low operating expenses and minimal deferred maintenance

• Average tenant turnover of approximately 15 days

• Strong rental demand in the Perkins–Stillwater corridor

Companion Park represents a turn-key investment opportunity with stable cash flow, minimal operational risk, and long-term appreciation potential within one of Oklahoma’s most stable rental markets.

Directions: POV E 116th St Turn South onto Lover's Lane and the community will be on the East side of the street.

Additional Information

Interior

Building Area Total: 23,300
Cooling (Yes/no): Yes
Cooling: Central Air
Flooring: Carpet, Vinyl
Heating (Yes/no): Yes
Heating: Central, Electric
Interior Features: Attic, High Speed Internet, Ceiling Fans
Rooms Total: 35

Exterior

Exterior Features: Sprinkler Irrigation, Landscaping
Fencing: Full, Privacy
Foundation Details: Slab
Frontage Length: 398
Lot Size Area: 3
Lot Size Square Feet: 130,680
Stories: 1
Water Source: Public

Financial/HOA/Schools

Elementary School District: Perkins-Tryon - Sch Dist (P4)
Middle School District: Perkins-Tryon - Sch Dist (P4)
High School District: Perkins-Tryon - Sch Dist (P4)
Tax Annual Amount: 19936
Zoning Description: Urban RES

Extra Information

Green Indoor Air Quality: Ventilation

Maps

Get Directions
  • NAIP
  • Satellite
  • Topography
Richard Senn

Richard Senn

Jenks, Oklahoma

(918) 600-7509

Interested? Contact Us Today About This Listing

  • This field is for validation purposes and should be left unchanged.

All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of March 25, 2026 at 12:00:00 PM UTC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Listed By: Aj Lang of Canopy Realty Inc