Current Use by Public Records
- Apartment buildings
Property Details for 103 Blue Jay Blvd
- Year built
- 2009
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 44-unit apartment complex in Geronimo, Oklahoma. The property, known as Geronimo Winds Apartments, comprises 22 buildings totaling 45,831 square feet and boasts a remarkable 95% occupancy rate. Built in 2009, this Class B multifamily property offers a mix of one, two, and three-bedroom units, averaging 1,044 square feet each. The unit mix consists of approximately 55% two-bedroom units, 41% three-bedroom units, and 4% one-bedroom units. Residents enjoy amenities such as an outdoor pool and clubhouse. The property is situated on a quiet street, exclusively for Geronimo Winds residents, providing a peaceful living environment. Its strategic location offers quick access to I-44, placing it within minutes of Fort Sill military base and the PepsiCo distribution center (opened in 2022), which employs approximately 1,400 people. The area also benefits from proximity to the Wichita Mountain National Wildlife Refuge, attracting over two million visitors annually. Will Rogers World Airport is approximately 90 minutes away, and Lawton Fort Sill Regional Airport is just 15 minutes from the property. The property's strong performance is reflected in its current Net Operating Income (NOI) of $324,654, presenting a compelling value-add opportunity with potential for increased rental income.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Geronimo
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.3991
- Latitude
- 34.4885
