1824 Perkins Rd Stillwater, OK 74074
- Investment properties
- 22,504 SF
- 1.02 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1824 Perkins Rd
- Year built
- 1951
- Lot size
- 1.02 lot acres
- Property size
- 22,504 SF
- Property type
- Investment properties
Description
This exceptional 14-unit multifamily investment property in Stillwater, Oklahoma, presents a lucrative opportunity for savvy investors. Located just minutes from Oklahoma State University's campus, this portfolio boasts a substantial average gross monthly income exceeding $10,000, consistently maintaining over 90% occupancy. The property comprises a 10-unit apartment complex, each unit offering a single bedroom, one bathroom, and a living area. Four of these apartments have undergone recent renovations, featuring fresh paint, new flooring, updated bathroom fixtures, and modern cabinetry. Adding to the portfolio's diversity, a charming two-bedroom, two-bathroom single-family home provides comfortable living space. A duplex, with two one-bedroom, one-bathroom units, is also included, ideal for student or young professional tenants. Finally, another single-family home, featuring two bedrooms and one bathroom, rounds out the offering, suitable for small families or roommates. The property sits on a 1.02-acre lot and totals 22,504 square feet. This well-maintained portfolio, with its strategic location and mix of updated and original units, offers a stable and high-yielding investment opportunity with significant potential for future growth. The property's strong performance history and proximity to OSU make it an attractive investment for those seeking consistent cash flow and long-term appreciation. Priced at $800,000.
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
- Stillwater
- County
- Payne
- State
- Oklahoma
- Longitude
- -97.0516
- Latitude
- 36.1017
