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- LoopNet Team
1108-1114 N Duck St
Stillwater, OK 74075
The Fields Apartments · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- Located adjacent to the Oklahoma State University Campus with 25,594 students
- 31 units have been completely updated
- Comprehensive exterior rehab including new roofs, fencing, HVAC units, and parking lot improvements.
- Extensively remodeled and upgraded in 2019/2020
- Substantial upside through the completion of the upgrade plan on the remaining units and seasoning the rents to market averages
PROPERTY FACTS
| No. Units | 48 | Lot Size | 1.56 AC |
| Property Type | Multifamily | Building Size | 34,950 SF |
| Property Subtype | Apartment | Average Occupancy | 96% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1960/2020 |
| Zoning | Commercial | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 34,950 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gated
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
ABOUT 1108-1114 N DUCK ST , STILLWATER, OK 74075
The Fields Apartments contains 48 units. The unit mix is comprised of 31 one-bedroom units and 17 two-bedroom units, which works well for the resident base that has many students. The property is located adjacent to the Oklahoma State University Campus near the northeast corner of campus. This location provides easy access to the sports fields, the training facilities, and the Boone Pickens Stadium. It is also a convenient location on the bus route that provides access throughout the campus and all of Stillwater. This location also has good visibility on Duck Street and has many nearby options for retail and restaurant choices. The property recently received significant updates and upgrades including exterior items including new paint, roofs, and fencing. 28 of the units have also been updated with new interiors, baths and kitchens. The Fields Apartments are an attractive housing option instead of campus housing for the approximately 25,000 students attending Oklahoma State University. It is also a strong value add opportunity for a new owner to continue to upgrade the remaining units and realize significant rent grown and return on their rehab capital.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 31 | - | 630 |
| 2+1 | 17 | - | 800 |
PROPERTY TAXES
| Parcel Number | 600012394 | Improvements Assessment | $209,857 |
| Land Assessment | $118,524 | Total Assessment | $328,381 |
PROPERTY TAXES
