#OK-465 NEW CONSTRUCTION – 16 Unit Apartment Complex

Listing #OK-465

Price: Call for Price

NEW CONSTRUCTION – 16 UNIT APARTMENT COMPLEX – 1 BLOCK FROM STATE UNIVERSITY.

This new construction 16 – unit apartment complex sits adjacent to the campus of Northwestern Oklahoma State University in Alva Oklahoma.

This modern apartment complex is known as “The Ledge Apartments”.

Amenities include a vending area, lounge, washer/dryer laundry area and is wired for 4 washer & 4 dryer hookups.  Construction is approximately 75% completed and could be ready for 2nd semester college enrollment.

This is perfect target for investment return opportunity as a high target income producing property.

The economic metrics are structured to prove returns well-above the area averages due to quality, age of structure, location and management.

THIS IS THE FIRST NEW CONSTRUCTION APARTMENT PROJECT TO BE BUILT LOCALLY IN DECADES.

The neighboring university provides steady flow of prospective tenants with very little risk of vacancy.

16 total units as follows:

11 of the units are (2-bed, 2-bath) approx. 930 sq ft.

4 units are (1-bed, 1-bath) approx. 550 sq ft.

1 unit is 3-bed, 3-bath) approx. 1000 sq ft.

We have an excellent property management company as our strategic partner that will professionally provide full management services to the passive investor or absentee owner.

For more information contact Land Specialist – Steven Ward 580-430-8393

Email inquiries to info@hcranchland.com