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Jones West 11514-11529 Cottage Ln 14 Unit Apartment Building $2,800,000 ($200,000/Unit) 6.80% Cap Rate Jones, OK 73049
Investment Highlights
- Secure gated community designed for residents aged 50 and older.
- Fully completed in 2022 with modern electric systems and included kitchen appliances.
- Lawn maintenance services provided to tenants to ensure low upkeep living.
- 5-acre property featuring 14 contemporary rental duplex units.
- Attractive rural setting balanced with nearby town amenities and services.
Executive Summary
Jones West, a fully developed retirement community, offers investors a turnkey opportunity on a 5-acre parcel in Jones, Oklahoma. Completed in August 2022, this 14-unit property provides consistent rental income in a growing market segment focused on active adults aged 50 and older.
Property Facts
| Price | $2,800,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $200,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.00 AC |
| Cap Rate | 6.80% | Building Size | 15,408 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | Comm | ||
| Price | $2,800,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 5.00 AC |
| Building Size | 15,408 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | Comm |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | - | 2,160 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 198853847 | Improvements Assessment | $149,069 |
| Land Assessment | $4,712 | Total Assessment | $153,781 |
Property Taxes
Parcel Number
198853847
Land Assessment
$4,712
Improvements Assessment
$149,069
Total Assessment
$153,781
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Jones West | 11514-11529 Cottage Ln
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