7295 E Us Highway 270
Alderson, OK 74501
15964 sqft | 2.00 acres | #2433973
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$14,681
- MLS #2433973
- Cost1750000
- MLS #2433973
- Utility SourcePublic
- Square Feet15964
- Year Built2007
- FoundationSlab
- Days on Market (Cumulative)189
- Acres2
Location
Legal
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Last Updated: . Source: NORES
Listing Courtesy
Listing Agent: Kevin Beaty (#181026)
Listing Office: Keller Williams SEOK (#3505)

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