101 32Nd Ave Stillwater, OK 74074
- Dormitories
- 2,672 SF
- 2.29 lot acres
Current Use by Public Records
- Dormitories
Property Details for 101 32Nd Ave
- Lot size
- 2.29 lot acres
- Property size
- 2,672 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity in Stillwater, Oklahoma, presents three fully leased, five-bedroom houses ideally suited for students or families. Each house boasts spacious open floor plans and generous backyards, providing a comfortable and desirable living environment. The property sits on a substantial 2.29-acre lot, offering significant potential for future development on the ample land behind the existing structures. Located just five minutes from downtown Stillwater and eight minutes from Oklahoma State University, this prime location ensures high occupancy rates and strong rental income. The property is currently 100% leased and generating positive cash flow. The asking price is $925,000, representing approximately $331,667 per unit and a price per square foot of roughly $497,500 based on a total square footage between 2,672 and 2,702. Detailed financial information and a rent roll are available upon request. This Class B multifamily property presents a compelling combination of immediate income generation and long-term development upside, making it an attractive investment for discerning buyers. The property's rural feel, combined with its proximity to both the university and downtown, creates a unique and highly sought-after rental experience.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stillwater
- County
- Payne
- State
- Oklahoma
- Longitude
- -97.058331545235
- Latitude
- 36.086936907136
