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Molly Johnston

molly@ccrebrokers.com +1(918) 798-1648

$ 840,000

Est. payment | -/mo

8 Beds

4 Baths

5,824 SqFt

Save

$ 840,000

Est. payment | -/mo

Save

8 Beds

4 Baths

5,824 SqFt

Key Details

Property Type Multi-Family

Sub Type MULTIFAMILY

Listing Status Pending

Purchase Type For Sale

Square Footage 5,824 sqft

Price per Sqft $144

Subdivision E College Addit

MLS Listing ID 135091

Bedrooms 8

Year Built 1974

Annual Tax Amount $7,341

Tax Year 2026

Lot Dimensions Irregular

Property Sub-Type MULTIFAMILY

Property Description

100% OCCUPIED – LEASED THROUGH MAY/JUNE 2027 – 3 BLOCKS TO OSU! Excellent investment opportunity within easy walking distance of Oklahoma State University! This well-maintained 6-unit apartment complex features three units upstairs and three downstairs. Each spacious unit offers approximately 970 sq. ft. with 2 bedrooms, 1 bathroom, an open-concept living room and kitchen, and a stackable washer and dryer. Granite countertops throughout, luxury vinyl plank flooring throughout. All six units were completely remodeled in Fall 2020/Spring 2021, providing updated interiors and an attractive, established rental property. A gated front courtyard creates a welcoming community atmosphere for residents, while ample on-site parking accommodates full occupancy. The property has a strong rental history and is currently 100% occupied, with all units leased through May or June 2027, providing an incoming owner with established tenants and immediate rental income. The current owner pays utilities other than tenant internet and/or cable. Beginning in May 2027, the planned utility structure is for the owner to pay water only, due to the property having a single water meter, with tenants responsible for all other applicable utilities. With its exceptional location just 3 blocks from the OSU campus, spacious 970 sq. ft. units, updated interiors, in-unit laundry, gated courtyard, adequate parking, and established occupancy, this property offers an attractive opportunity for an investor seeking a stabilized multifamily property in a highly desirable rental location. For current rental rates, rent roll information, lease details, and additional financial information, please inquire. Seller is also offering this property with 317 - 317 1/2 S. Walnut St. (duplex) as a package deal; see separate listing.

Location

State OK

County Payne

Area Southwest

Zoning Multi Family Stw

Interior

Heating Forced Air

Cooling Central

Exterior

Exterior Feature Brick Veneer

Parking Features Ground Level

Building

Story 2

Water City

Level or Stories 2

Schools

School District Will Rogers Elementary

Others

Ownership Pottawatomie County Investment Properties, LLC

Acceptable Financing Cash to Seller

Listing Terms Cash to Seller

Listed by RE/MAX Signature

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(918) 798-1648

molly@ccrebrokers.com

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214 W Maple Ave Stillwater, OK 74074