Spiro 24 19070 191st Ave 24 Unit Apartment Building $2,250,000 ($93,750/Unit) 7.33% Cap Rate Spiro, OK 74959

This newly constructed 24-unit apartment community is located just outside of Fort Smith, AR, in the growing town of Spiro, OK. The property offers a rare opportunity to acquire a stabilized, turnkey investment in a market with strong rental demand and limited new multifamily supply.
All units are thoughtfully designed 2-bedroom, 1-bath floorplans, providing comfortable and efficient living spaces that appeal to a wide range of tenants, from young professionals to small families. The property is 100% occupied, with full occupancy maintained for the past six months, reflecting both the quality of the asset and the strength of the local rental market.
The property is individually metered for all utilities, significantly reducing operating expenses and providing long-term efficiency for ownership. With modern construction, minimal deferred maintenance, and proven tenant demand, the asset offers a low-risk acquisition with strong in-place cash flow and upside potential through future rent growth.