103 Blue Jay Blvd Geronimo, OK 73543
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 103 Blue Jay Blvd
- Property type
- Apartment buildings
Description
This exceptional investment opportunity comprises a 70-unit Class B multifamily portfolio in Comanche County, Oklahoma, boasting a remarkable 97% occupancy rate. The portfolio consists of two distinct properties: Geronimo Winds Apartments, a 44-unit duplex development built in 2009, and Kensington Rental Estates, a 26-unit duplex development constructed in 2013. Both properties are strategically located near I-44, providing convenient access to Fort Sill military base (approximately a 10-minute drive) and the PepsiCo manufacturing plant (employing roughly 1,400 people). Geronimo Winds offers a mix of one, two, and three-bedroom units averaging 1,044 square feet, featuring amenities such as an outdoor pool and clubhouse. Kensington Estates features two and three-bedroom units averaging 1,390 square feet, with fenced backyards and a quiet cul-de-sac setting. Both properties present a value-add opportunity through potential rent increases. The portfolio benefits from proximity to recreational areas like the Wichita Mountain National Wildlife Refuge and is within a 90-minute drive of Will Rogers International Airport and 15 minutes from Lawton Fort Sill Airport. This portfolio offers a compelling investment opportunity with strong cash flow potential and significant upside. The properties are situated at 103 Bluejay Blvd, Geronimo, OK 73543 and 1205 Kensington Ln, Elgin, OK 73538.
Value Estimation
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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
- 34.4884
