902 Oklahoma BlvdAlva, OK 73717

For Sale
$1,575,000

16-Unit Apartment Building, 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 16-unit apartment building represents a compelling investment opportunity in Alva, Oklahoma. Completed in 2022, this two-story property boasts a total of 12,449 square feet and is currently operating at 100% occupancy. The building's prime location offers unparalleled convenience, situated within walking distance of Northwestern Oklahoma State University and six local restaurants, ensuring consistent tenant demand. The strong occupancy rate and attractive 8% capitalization rate make this a highly desirable asset for investors seeking stable cash flow and significant return on investment. The asking price is $1,575,000. This newly constructed property requires minimal capital expenditure, allowing for immediate income generation. The property is located at 902 Oklahoma Blvd, Alva, OK 73717. This multifamily investment presents a rare opportunity to acquire a high-performing asset in a thriving community. The property's proximity to the university guarantees a steady stream of potential tenants, minimizing vacancy risks. This is an ideal investment for those seeking a low-maintenance, high-yield property with significant long-term growth potential. The building's modern construction ensures minimal maintenance needs, further enhancing its appeal to discerning investors.

Highlights

  • 16-unit apartment building in Alva, OK, built in 2022.
  • 12,449 square feet, currently 100% occupied.
  • Prime location near Northwestern Oklahoma State University and restaurants.
  • 8% capitalization rate, $1,575,000 asking price.
  • Minimal capital expenditures needed; immediate income generation.
  • Located at 902 Oklahoma Blvd, Alva, OK 73717.

Property Details for 902 Oklahoma Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
12,449 SF
Year Built
2022
Stories
2
Units
16

Location Insight

City
Alva
County
40151
State
Oklahoma
Latitude
36.7979181
Longitude
-98.6721348
902 Oklahoma Blvd, Alva, Oklahoma

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902 Oklahoma Blvd
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