Historical Multifamily Sale Listing - Park Place Apartments

Multifamily For Sale

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Park Place Apartments

1900 W. Broadway, Elk City, OK 73644

N/A

86 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
86
Building Size:
76,489 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Occupancy:
90%
Listing ID
15711387
Last Updated
over 1 year ago

Description

" Strong financial performance with great potential as current rent rates are phased in
" Ample parking on blacktop surface
" A one-story office, laundry and maintenance storage building
" 11 two-story apartment buildings
" Two large courtyards
" New wood privacy fence surrounding property
" This property has a current contract with OHFA (Oklahoma Housing Financial Agency) that expires in 2020. Vouchers are issued by OHFA for Low Income Housing. Vouchers through OHFA pay at market rate.
" All units are all electric.

******** Corporate rates for fully furnished with utilities are $715/One-Bedroom, $990/Two-Bedroom, $1140/ Three Bedroom.********

Park Place is situated within walking distance of shopping, downtown, a major regional health center, and the city park, and the historical Route 66 Museum.

PLEASE CALL FOR A MARKETING PACKAGE ABOUT THIS PROPERTY.

THIS PROPERTY HAS BEEN APPROVED FOR LENDING - CALL FOR DETAILS.

Map of 1900 W. Broadway, Elk City, OK 73644 (Beckham County)

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Created 5/14/2008