This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
200 S Broadway
Sayre, OK 73662
Southgate Apartments · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Lot Size | 2.20 AC |
| Property Type | Multifamily | Building Size | 26,621 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1976 |
| Building Class | C | ||
| Zoning | commercial | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 26,621 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Zoning | commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
SITE AMENITIES
- Fitness Center
ABOUT 200 S BROADWAY , SAYRE, OK 73662
This is a HUD section 236 property consisting of 36 units at two locations with 2 units used for office and storage. Only 34 units are rented and subsidized. The contract runs through September 1, 2021. 24 units are located at 200 South Broadway, Sayre, OK. and 12 units at 400 S. Birch, Erick, OK. The 13% Cap Rate does not include the RFR "Reserve for Replacement" for deferred maintenance that HUD pays monthly to the property which amounts to $1,642 per month. Property was built in 1975 and has been very well maintained. New paint in the last 3 years, most of the HVAC's have been replaced, and the Seller is replacing the roofs. Economy is Booming and there is a current rental shortage due to the proximity of Elk City "10th fastest growing small town in the nation - FORBES" Sayre location is located on main street close to the courthouse and sheriffs department for Beckham County. Yearly FHA rent schedule & physical inspection reports are available for review upon request. The CAP rate is based on actuals not projections. Located in Sayre and Erick.
