2503 58Th St Stillwater, OK 74074
- Residential income homes
- 34,000 SF
- 60.00 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 2503 58Th St
- Lot size
- 60.00 lot acres
- Property size
- 34,000 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
Exceptional investment opportunity: Trails End, a 31-unit multifamily property located in Stillwater, Oklahoma, presents a compelling investment opportunity. This portfolio comprises a mix of 3-bedroom/3-bathroom homes and 2-bedroom/2-bathroom duplexes, totaling 34,000 square feet of net rentable space on a 60-acre lot. Situated just four miles south of the Oklahoma State University campus, this property enjoys a prime location, particularly attractive to students enrolled in the Equine program. Each unit offers convenient access to on-site horse boarding amenities, including a loafing shed with a tack room, an arena, and a round pen. The property boasts a strong financial performance, with a current NOI of $393,977 and an attractive 8.04% cap rate, based on an asking price of $4,495,000 ($144.12 per square foot). The average unit size is approximately 1207 square feet of living space. While the core offering is the 31-unit portfolio, additional structures are available for purchase separately, including a residence (2,417 sq ft), three greenhouses with a shop building, and an additional 2,400 sq ft shop building. This presents a unique opportunity to acquire a substantial income-generating property with significant potential for expansion and value enhancement. Detailed information on the additional structures is available upon request.
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
- -97.1144039
- Latitude
- 36.0737703
