902 Oklahoma Blvd Alva, OK 73717
- Commercial real estate
- 12,449 SF
Current Use by Public Records
- Commercial real estate
Property Details for 902 Oklahoma Blvd
- Year built
- 2022
- Property size
- 12,449 SF
- Property type
- Commercial real estate
Description
This exceptional 16-unit apartment building represents a compelling investment opportunity in Alva, Oklahoma. Completed in 2022, this two-story property boasts a total of 12,449 square feet and is currently operating at 100% occupancy. The building's prime location offers unparalleled convenience, situated within walking distance of Northwestern Oklahoma State University and six local restaurants, ensuring consistent tenant demand. The strong occupancy rate and attractive 8% capitalization rate make this a highly desirable asset for investors seeking stable cash flow and significant return on investment. The asking price is $1,575,000. This newly constructed property requires minimal capital expenditure, allowing for immediate income generation. The property is located at 902 Oklahoma Blvd, Alva, OK 73717. This multifamily investment presents a rare opportunity to acquire a high-performing asset in a thriving community. The property's proximity to the university guarantees a steady stream of potential tenants, minimizing vacancy risks. This is an ideal investment for those seeking a low-maintenance, high-yield property with significant long-term growth potential. The building's modern construction ensures minimal maintenance needs, further enhancing its appeal to discerning investors.
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
- Alva
- County
- 40151
- State
- Oklahoma
- Longitude
- -98.6721348
- Latitude
- 36.7979181
