7295 E Us Highway 270 Alderson, OK 74501
15,964 SqFt
UPDATED:
10/11/2024 11:40 PM
Key Details
Property Type Condo, Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 15,964 sqft
Price per Sqft $109
Subdivision Pittsburg Co Unplatted
MLS Listing ID 2433973
HOA Y/N No
Total Fin. Sqft 15964
Year Built 2007
Annual Tax Amount $14,681
Tax Year 2023
Lot Size 2.000 Acres
Acres 2.0
Property Description
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.
Location
State OK
County Pittsburg
Interior
Interior Features High Speed Internet, Cable TV
Heating Central, Electric
Cooling Central Air
Fireplace No
Heat Source Central, Electric
Exterior
Exterior Feature Other, Satellite Dish
Fence None
Utilities Available Cable Available, Electricity Available, Water Available
Water Access Desc Public
Roof Type Other
Building
Foundation Slab
Lot Size Range 2.0
Sewer Septic Tank
Water Public
Structure Type Frame
Schools
School District Haileyville - Sch Dist (E4)
Others
Tax ID 1544-00-000-017-0-017-06
Security Features Smoke Detector(s)
Acceptable Financing Conventional, Other
Listing Terms Conventional, Other