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1205 S Main St 4 Unit Apartment Building $225,000 ($56,250/Unit) Altus, OK 73521
INVESTMENT HIGHLIGHTS
- On the main highway with billboard
- Owner-use office
- Two double-wide trailers – fully leased
- $3,000 monthly rental income
EXECUTIVE SUMMARY
At the front of the property, a dedicated office space is available for free use by the owner, making it ideal for on-site management or a small business operation. This commercial area includes a welcoming lobby, a functional front desk, and three separate private offices, offering flexibility and privacy for various professional needs. The property also includes a free roadside billboard, offering excellent visibility and advertising potential along South Main Street.
Adding to its appeal, the property also includes an underground storm shelter, enhancing safety and peace of mind for both tenants and the owner. With its prime location on South Main Street and a blend of income-producing and operational features, this property is a strong candidate for investors seeking both utility and return.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$3,000
|
$0.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,000
|
$0.43
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.43 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $225,000 | Building Class | C |
| Price Per Unit | $56,250 | Lot Size | 1.07 AC |
| Sale Type | Investment | Building Size | 7,000 SF |
| Sale Condition | Business Value Included | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial | ||
| Price | $225,000 |
| Price Per Unit | $56,250 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1995 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial |
ABOUT 1205 S MAIN ST , ALTUS, OK 73521
The property at 1205 S Main Street in Altus, Oklahoma is a mixed-use site that combines residential and commercial elements in a single, functional layout. At the rear of the property are two double-wide trailers, each fully leased and collectively housing four tenants. These units are spaced to allow for privacy and ease of access, with surrounding areas suitable for parking and outdoor use. At the front of the property is a dedicated office space designed for owner use. This area includes a welcoming lobby, a front desk reception zone, and three separate private offices, making it well-suited for administrative work, client meetings, or small business operations. The office layout is practical and clearly segmented to support both public interaction and private workspaces. An underground storm shelter is also located on the property, providing a secure space during severe weather conditions. The overall site is organized to support both residential living and professional activity, with a straightforward layout and essential amenities that enhance its usability and appeal.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 10+5 | 4 | $750.00 | - |
Presented by
International Migration Dragon
1205 S Main St
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