2503 58Th StStillwater, OK 74074

Property Details for 2503 58Th St

Lot size

60.00 AC

Property size (Sq ft)

34,000 SF

Property type

Residential income homes

Property subtype

Dormitories

Description

Exceptional investment opportunity: Trails End, a 31-unit multifamily property located in Stillwater, Oklahoma, presents a compelling investment opportunity. This portfolio comprises a mix of 3-bedroom/3-bathroom homes and 2-bedroom/2-bathroom duplexes, totaling 34,000 square feet of net rentable space on a 60-acre lot. Situated just four miles south of the Oklahoma State University campus, this property enjoys a prime location, particularly attractive to students enrolled in the Equine program. Each unit offers convenient access to on-site horse boarding amenities, including a loafing shed with a tack room, an arena, and a round pen. The property boasts a strong financial performance, with a current NOI of $393,977 and an attractive 8.04% cap rate, based on an asking price of $4,495,000 ($144.12 per square foot). The average unit size is approximately 1207 square feet of living space. While the core offering is the 31-unit portfolio, additional structures are available for purchase separately, including a residence (2,417 sq ft), three greenhouses with a shop building, and an additional 2,400 sq ft shop building. This presents a unique opportunity to acquire a substantial income-generating property with significant potential for expansion and value enhancement. Detailed information on the additional structures is available upon request.

Location Insight

City

Stillwater

County

Payne

State

Oklahoma

Latitude

36.0738

Longitude

-97.1144

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