902 Oklahoma BlvdAlva, OK 73717

Property Details for 902 Oklahoma Blvd

Year built

2022

Property size (Sq ft)

12,449 SF

Property type

Apartment buildings

Description

This exceptional 16-unit apartment building represents a compelling investment opportunity in Alva, Oklahoma. Completed in 2022, this two-story property boasts a total of 12,449 square feet and is currently operating at 100% occupancy. The building's prime location offers unparalleled convenience, situated within walking distance of Northwestern Oklahoma State University and six local restaurants, ensuring consistent tenant demand. The strong occupancy rate and attractive 8% capitalization rate make this a highly desirable asset for investors seeking stable cash flow and significant return on investment. The asking price is $1,575,000. This newly constructed property requires minimal capital expenditure, allowing for immediate income generation. The property is located at 902 Oklahoma Blvd, Alva, OK 73717. This multifamily investment presents a rare opportunity to acquire a high-performing asset in a thriving community. The property's proximity to the university guarantees a steady stream of potential tenants, minimizing vacancy risks. This is an ideal investment for those seeking a low-maintenance, high-yield property with significant long-term growth potential. The building's modern construction ensures minimal maintenance needs, further enhancing its appeal to discerning investors.

Location Insight

City

Alva

County

40151

State

Oklahoma

Latitude

36.7979

Longitude

-98.6721

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