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Multifamily

Okmulgee Apartments

1702 Glennen Dr, Okmulgee, OK 74447

Listing Price: $1,550,000

Cap Rate
7.31%
Number of Units
26
Price/Unit
$59,615
Price/Gross SF
$69.51
Gross SF
22,300

Investment Overview

Marcus & Millichap is pleased to announce the listing of Okmulgee Apartments. Located in Okmulgee, Oklahoma, the property consists of 13 duplexes totaling 26 units which are all two bedrooms. In a small but stable market, tenants pay for their own utilities while the Owner pays only for water. Some of the common area amenities on the property are an on-site laundry room and one to one parking. The property offers stable occupancy with high demand by having a waitlist for open units. This property has had steady cash flow throughout the global pandemic.

Investment Highlights

  • Strong Historical Occupancy and Good Financials
  • Stable Small-Town Market
  • Tenants Pay for Their Own Utilities Except Water

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Financing By

Multifamily

Okmulgee Apartments

Listing Price: $1,550,000

Cap Rate
7.31%
Number of Units
26
Price/Unit
$59,615
Price/Gross SF
$69.51
Gross SF
22,300

Investment Highlights

  • Strong Historical Occupancy and Good Financials
  • Stable Small-Town Market
  • Tenants Pay for Their Own Utilities Except Water

Investment Overview

Marcus & Millichap is pleased to announce the listing of Okmulgee Apartments. Located in Okmulgee, Oklahoma, the property consists of 13 duplexes totaling 26 units which are all two bedrooms. In a small but stable market, tenants pay for their own utilities while the Owner pays only for water. Some of the common area amenities on the property are an on-site laundry room and one to one parking. The property offers stable occupancy with high demand by having a waitlist for open units. This property has had steady cash flow throughout the global pandemic.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

Financing By

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