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Multifamily

Muskogee 2-Property Portfolio

545 N 6th St, Muskogee, OK 74401

Listing Price: $1,450,000

Cap Rate
7.02%
Number of Units
66
Occupancy
94.0%
Price/Unit
$21,970

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a two-property portfolio totaling 66 apartment units located in the heart of Muskogee, OK. Terence Park and Georgian Terrace Apartments (collectively, “the Properties”) are located at 525 and 545 N 6th Street, respectively. Spread over 2 parcels totaling 1.81 acres, the Properties are well-located in the Muskogee Central Business District granting easy access to nearby employers, restaurants and retail. The Properties are adjacent to Arrowhead Mall and 0.25 miles from Main Street that encounters 14,500+ vehicles-per-day.

Investment Highlights

  • Located in the Central-Business-District and less than 1-mile rom Downtown Muskogee.
  • Current Ownership has invested over $128,000 in capital improvements to the interior and exterior in the past 12 months.
  • Room to increase rents.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Multifamily

Muskogee 2-Property Portfolio

Listing Price: $1,450,000

Cap Rate
7.02%
Number of Units
66
Occupancy
94.0%
Price/Unit
$21,970

Investment Highlights

  • Located in the Central-Business-District and less than 1-mile rom Downtown Muskogee.
  • Current Ownership has invested over $128,000 in capital improvements to the interior and exterior in the past 12 months.
  • Room to increase rents.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a two-property portfolio totaling 66 apartment units located in the heart of Muskogee, OK. Terence Park and Georgian Terrace Apartments (collectively, “the Properties”) are located at 525 and 545 N 6th Street, respectively. Spread over 2 parcels totaling 1.81 acres, the Properties are well-located in the Muskogee Central Business District granting easy access to nearby employers, restaurants and retail. The Properties are adjacent to Arrowhead Mall and 0.25 miles from Main Street that encounters 14,500+ vehicles-per-day.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

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