Well-Maintained Investment
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7295 E US Hwy 270, McAlester, OK 74501
Stable, fully occupied property near McAlester with upside potential.
Property Size15,964 SF
Price / SF$100.16
Days on Market742
Property Features for 7295 E US Hwy 270
General Information
Standard status
Active
Size
15,964 SF
Property subtype
Multifamily
Net Operating Income
$95,000
Building Details
Year Built
2007
Buildings
5
Stories
2
Units
14
Listing Agency:
KW SEOK Keller Williams Realty
Listed By:
Kevin Beaty · License #OK 181026
(918) 916-5067
Source:
Crexi
Added: Oct 18, 2024
Changed: Oct 25
Last Checked: Oct 28 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW SEOK Keller Williams Realty
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Investment Insights
Based on property information with market context.
This well-maintained property, located less than four miles east of McAlester, Oklahoma, on Highway 270, offers a solid investment opportunity with a 7.8% cap rate. The complex has maintained 100% occupancy with a vacancy rate of less than 2% throughout its life, showcasing long-term tenant stability. Each unit is separately metered for electricity, allowing the new owner to shift electricity costs to tenants, which can significantly increase the net operating income. All units feature one or two-car garages, enhancing tenant satisfaction and ensuring continued high occupancy. The property is in excellent condition, requiring no immediate capital expenditures, making it an attractive turnkey investment. The location benefits from easy access to local amenities and employment centers within the Township of Alderville. The McAlester area has experienced steady population growth, translating to a consistent demand for quality rental housing. Alderson offers a quiet, small-town atmosphere, appealing to renters looking for a safe, peaceful living environment. McAlester provides residents with various amenities, including shopping centers, restaurants, parks, and healthcare services. The area is served by McAlester Public Schools, offering quality education options for families with children. The nearby Eufaula Lake provides recreational opportunities for residents, including boating, fishing, and camping.
Key Highlights
- Robust 7.8% Cap Rate: Provides a solid return on investment.
- 100% Occupancy: Demonstrates long‑term tenant stability and minimizes investor risk.
- Upside Potential: Separately metered electricity allows shifting costs to tenants, increasing NOI.
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
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Business Placement
Demographics for 74501, OK
28,566
Population
13,223
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
550.7 sq mi
ZIP Area
52
Density / Sq Mi
$55,430
Median Household Income
$38,814
Median Earnings
$907
Median Rent
$156,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Stable, fully occupied property near McAlester with upside potential.
Where is this apartment building located?
The property is located at 7295 E US Hwy 270 McAlester, OK.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Robust 7.8% Cap Rate: Provides a solid return on investment.; 100% Occupancy: Demonstrates long‑term tenant stability and minimizes investor risk.; Upside Potential: Separately metered electricity allows shifting costs to tenants, increasing NOI.
