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103 Blue Jay BlvdGeronimo, OK 73543

44-unit multifamily complex, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 44-unit apartment complex in Geronimo, Oklahoma. The property, known as Geronimo Winds Apartments, comprises 22 buildings totaling 45,831 square feet and boasts a remarkable 95% occupancy rate. Built in 2009, this Class B multifamily property offers a mix of one, two, and three-bedroom units, averaging 1,044 square feet each. The unit mix consists of approximately 55% two-bedroom units, 41% three-bedroom units, and 4% one-bedroom units. Residents enjoy amenities such as an outdoor pool and clubhouse. The property is situated on a quiet street, exclusively for Geronimo Winds residents, providing a peaceful living environment. Its strategic location offers quick access to I-44, placing it within minutes of Fort Sill military base and the PepsiCo distribution center (opened in 2022), which employs approximately 1,400 people. The area also benefits from proximity to the Wichita Mountain National Wildlife Refuge, attracting over two million visitors annually. Will Rogers World Airport is approximately 90 minutes away, and Lawton Fort Sill Regional Airport is just 15 minutes from the property. The property's strong performance is reflected in its current Net Operating Income (NOI) of $324,654, presenting a compelling value-add opportunity with potential for increased rental income.

Highlights

  • 95% Occupancy Rate
  • Unit Mix: 55% Two-Bedroom, 41% Three-Bedroom, 4% One-Bedroom
  • Average Unit Size: 1,044 Square Feet
  • Value-Add Opportunity: Potential for Rental Increases
  • Minutes from Fort Sill Military Base
  • Proximity to New PepsiCo Distribution Center (Opened 2022)

Property Details for 103 Blue Jay Blvd

Property type
Apartment buildings
Square Feet
45,831 SF
Class
B
Year Built
2009
Buildings
22
Units
44

Location Insight

City
Geronimo
County
Comanche
State
Oklahoma
Latitude
34.488486788007
Longitude
-98.39906754764
103 Blue Jay Blvd, Geronimo, Oklahoma

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103 Blue Jay Blvd
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