$1,750,000

2± Acres

Active

Pittsburg County, OK

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7295 Us Highway 270, Alderson, Oklahoma

MLS ID: 2433973

Status: Active

Price: $1,750,000

Acres: 2±

Type: Apartment, Commercial

Address: 7295 Us Highway 270

City, State: Alderson, OK

County: Pittsburg County

ZIP Code: 74501

Lat/Long: 34.900321, -95.692745

Parcel Number: 1544-00-000-017-0-017-06

SqFt: 15,964

Year Built: 2007

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.

Directions: East on Highway 270, past Alderson, OK. Property on left.

Additional Information

Interior

Building Area Total: 15,964

Cooling (Yes/no): Yes

Cooling: Central Air

Heating (Yes/no): Yes

Heating: Central, Electric

Interior Features: High Speed Internet, Cable Tv

Living Area Source: Public Records

Exterior

Exterior Features: Other, Satellite Dish

Foundation Details: Slab

Frontage Length: 302

Lot Size Area: 2

Lot Size Square Feet: 87,120

Water Source: Public

Financial/HOA/Schools

Elementary School District: Haileyville - Sch Dist (E4)

Middle School District: Haileyville - Sch Dist (E4)

High School District: Haileyville - Sch Dist (E4)

Subdivision Name: Pittsburg Co Unplatted

Tax Annual Amount: 14681

Extra Information

Virtual Tour: http://tours.shutterhousetours.com/7295-E-US-Hwy-270/idx/r_Tulsa_MLS_King_and_Country_Media

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Richard Senn

Jenks, Oklahoma

(918) 600-7509

Interested? Contact Us Today About This Listing

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 November 27, 2024 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: Kevin Beaty of Keller Williams Seok

7295 Us Highway 270, Alderson, Oklahoma

Description

Additional Information

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Richard Senn

Interested? Contact Us Today About This Listing

1776 Land Company

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