402 NW Panther Ln & 601 NW J St

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Address: 402 NW Panther Ln & 601 NW J St, Stigler, Oklahoma, US
Created date: February 21, 2024
Date last updated: April 3, 2024
  • Profitable Financial Metrics: Combined gross incomes of $405,600 annually with a potential for increased revenue streams from ancillary income opportunities like late fees and laundry.
  • Consistent Occupancy: Exceptionally low vacancy rate, ensuring a steady and consistent rental income.
  • Value Proposition: Priced at a 10% cap rate, offering substantial returns for long-term investors.
  • Community Amenities: Both complexes are within proximity to local attractions, shopping centers, schools, and recreational areas.
  • Future Growth Potential: Stigler's favorable real estate metrics and growth trajectory make it an ideal place for sustainable rental demand.
  • Seller Financing: Elevating the appeal of this investment is the seller's offer to finance up to 75% of the purchase price, presenting a distinct advantage for investors. Terms remain negotiable, offering flexibility to suit various financing needs.

Property Description

Unveiling a two property package offering of The Meadows Apartments and Panther Field Apartments, both located in the heart of Stigler. This premium investment encompasses a total of 48 units – 24 in each complex. The Meadows, situated at 402 NW Panther Ln, and Panther Field at 606 NW J St, have recently been upgraded with numerous improvements, making them even more attractive for potential renters. With the meticulous enhancements in both apartments, such as the new waterproof vinyl flooring, appliances, hot water heaters, and heat & air systems, to the exteriors with reinforced structures, fresh paint, and reworked surroundings for better water flow, these properties provide both aesthetic appeal and functionality. Listed at a competitive 10% cap rate and boasting gross scheduled incomes of $220,800 and $184,800 respectively, these complexes represent the epitome of a valuable real estate venture in Stigler. The recent modifications guarantee minimized operational hassles for years to come.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,350,000
No. of Units: 48
Opportunity Zone: No
Price per unit: $48,958
Property Website Click Here
Address: 402 NW Panther Ln & 601 NW J St, Stigler, OK 74462, USA
Provided by:

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