2503 58Th St, Stillwater, OK 74074

Property Details for 2503 58Th St

Lot size

60.00 lot acres

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.

Location Insight

City

Stillwater

County

Payne

State

Oklahoma

Longitude

-97.1144039

Latitude

36.0737703