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108-118 E Blake St 6 Unit Apartment Building $599,000 ($99,833/Unit) 7.10% Cap Rate Hinton, OK 73047
INVESTMENT HIGHLIGHTS
- Located just off Interstate 40 in Hinton which is 50 miles west of Oklahoma City, Oklahoma.
- They are currently developing 400 acres to the south of downtown.
- The community has recently had growth, and a new Hotel is currently being built.
- The Townhouses are all 3 bedroom with 1 1/2 half baths.
EXECUTIVE SUMMARY
Built in 2009 the property is in good condition. Located just off Interstate 40 in Hinton which is 50 miles west of Oklahoma City, Oklahoma. The community has recently had growth, and a new Hotel is currently being built. They are currently developing 400 acres to the south of downtown. 40 acres of this is set aside for commercial, the balance will be retail and residential.
The Townhouses are all 3 bedroom with 1 1/2 half baths. Each unit is separately metered and has stackable W/D hook up, all of the appliances are provided. Each unit has a separate fenced patio and car port for two cars. Two of the units have sprinklers which helps with the cost of insurance. The property is located near the center of town on a corner lot.
The Townhouses are all 3 bedroom with 1 1/2 half baths. Each unit is separately metered and has stackable W/D hook up, all of the appliances are provided. Each unit has a separate fenced patio and car port for two cars. Two of the units have sprinklers which helps with the cost of insurance. The property is located near the center of town on a corner lot.
PROPERTY FACTS
| Price | $599,000 | Building Class | C |
| Price Per Unit | $99,833 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 7,277 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2009 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Townhome | Parking Ratio | 2.67/1,000 SF |
| Price | $599,000 |
| Price Per Unit | $99,833 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 7,277 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2009 |
| Tenancy | Single |
| Parking Ratio | 2.67/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 1500-34-010-000-2-165-00 | Improvements Assessment | $25,291 |
| Land Assessment | $2,046 | Total Assessment | $27,337 |
PROPERTY TAXES
Parcel Number
1500-34-010-000-2-165-00
Land Assessment
$2,046
Improvements Assessment
$25,291
Total Assessment
$27,337
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108-118 E Blake St
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