Historical Multifamily Sale Listing - Coyote Ridge Apartments

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Coyote Ridge Apartments

313 Horizion Dr, Altus, OK 73521

N/A

48 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
48
Building Size:
34,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Government Subsidized
Mid/High-Rise
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
9.25%
Occupancy:
100%
No. Stories:
2
Lot Size:
5.70 AC
Listing ID
16882602
Last Updated
over 1 year ago

Highlights

  • New 10 Year Roofs
  • New Copper Wiring Throughout
  • Over $1,000,000 invested in Updates
  • New Appliances, carpet, fixtures, and more

Description

Located in the heart of the city this property had all the roofs lifted during a Tornado in June 2008 after it had just as it had reached 100% occupancy after undergoing an extensive rehab up to that point.

The property was vacant from July 2008 until buildings began coming back on line beginning Jan 2010 and all construction was completed in August of this year.

Since the tornado the complex has received a major overhaul.

New 10 year warranted Modified Bitumen roofs on all 7 buildings. For a cost of $170,000
New Copper wiring from the transformers to the buildings and throughout every unit. To 2008 city code. For a cost of $180,000
New Carpeting in all units
New wallboard, texture and paint in all units
80% of all condensers replaced and 40% of all hvacs as well
New fixtures, Lights, cabinets, appliances, and more in the majority of the units
Complete repaint of entire complex
Over $1,000,000 invested since storm. Making this the only complex in Altus up to cities new stringent building codes.

5.7 acres of landscaping, new playground, new tenant amenities, new laundry equipment, new office with tenant computer/internet area.

Altus, Ok less than 6 blocks from Altus Air Force base and Downtown Altus

Map of 313 Horizion Dr, Altus, OK 73521 (Jackson County)

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Created 10/22/2010