42900 County Road 205 Woodward, OK 73801

This exceptional multifamily investment opportunity presents a 24-unit apartment building situated on a generous 8.83-acre lot in Woodward, Oklahoma. The property, classified as Class C, boasts a strong 96% occupancy rate. Built in 1982, the complex comprises one one-bedroom/one-bathroom unit and twenty-three two-bedroom/one-bathroom units, totaling approximately 19,200 rentable square feet. Each unit is conveniently equipped with washer and dryer hookups. Recent improvements include brand new roofs installed in 2021 across all buildings, and the installation of hard-wired smoke alarm systems. The property benefits from a stable market in western Oklahoma, presenting a significant value-add potential for a new owner. Strategies to increase net operating income could include implementing a unit upgrade plan and a utility bill back program, capitalizing on the historically high occupancy rates. This property offers a compelling investment opportunity in a desirable location.