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42900 County Road 205 Woodward, OK 73801

24-Unit Apartment Building, Value-Add Opportunity

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Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional multifamily investment opportunity presents a 24-unit apartment building situated on a generous 8.83-acre lot in Woodward, Oklahoma. The property, classified as Class C, boasts a strong 96% occupancy rate. Built in 1982, the complex comprises one one-bedroom/one-bathroom unit and twenty-three two-bedroom/one-bathroom units, totaling approximately 19,200 rentable square feet. Each unit is conveniently equipped with washer and dryer hookups. Recent improvements include brand new roofs installed in 2021 across all buildings, and the installation of hard-wired smoke alarm systems. The property benefits from a stable market in western Oklahoma, presenting a significant value-add potential for a new owner. Strategies to increase net operating income could include implementing a unit upgrade plan and a utility bill back program, capitalizing on the historically high occupancy rates. This property offers a compelling investment opportunity in a desirable location.

Highlights

  • Predominantly Two-Bedroom Units
  • Seller-Reported Roof Replacements in 2021
  • In-Unit Washer/Dryer Hookups
  • Strong, Stable West Oklahoma Market
  • 8.83 Acres with Value-Add Potential

Property Details for 42900 County Road 205

Property type
Apartment buildings
Class
C
Year Built
1982
Lot Size (sq. ft)
384,635 SF
Units
24

Location Insight

City
Woodward
County
Woodward
State
Oklahoma
Latitude
36.3926361
Longitude
-99.352288

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FAQs

What type of property is this?
Apartment building - 24-Unit Apartment Building, Value-Add Opportunity
Where is the apartment building located?
The property is located at 42900 County Road 205 Woodward, OK.
What are key features of this property?
This property features: Predominantly Two-Bedroom Units; Seller-Reported Roof Replacements in 2021; In-Unit Washer/Dryer Hookups
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Elliott Barzilli
Visit Broker Website

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Useful Information

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County Road 205
Woodward, OK 73801

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County Road 205
Woodward, OK 73801

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

42900 County Road 205
  • Elliott Barzilli
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