Apartment Complex For Sale in Northeast OK

Miami, OK
Ottawa County

Asking Price: Annual Revenue:
$3,195,000 Not Disclosed

Commercial Real Estate: Multi-Family

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RE: Apartment Complex For Sale in Northeast OK Broker: United Country Property Specialists

Quick Facts

Asking Price: $3,195,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 836824203
Broker Reference #: 35086-12470

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Business Overview:

Located within 1/4 mile of highway 66/69, and 2 miles of the heart of Miami, OK. The complex has 13 self contained brick buildings with 32 - 1 bedroom, 32 - 2 bedroom and 42 - 3 bedroom apartments, laundry room for added income, an apartment for the manager and office space for the manager. In the last few years the following improvements have been made:

All buildings have TPO membrane roofs
New flooring throughout apartments
Laundry room remodeled
Hot water replaced in 40+ units
HVAC units replaced in 40+ units
Upgraded drainage areas in roadways
Sidewalk repairs
Vinyl fascia boards replaced
New stairways
New metal ceiling under upstairs walk ways
New painting throughout all apartments.

These units have a 90+% occupancy rate. All buildings are brick, relaxing areas with picnic tables and a play area for children. GOOD financial statements available to qualified buyers. All this sets on 10+/- acres with lots of room to add on or use for other income producing ideas.

Listing ID: 35086-12470

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Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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