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Knob Hill Resort 27210 S Highway 125 38 Unit Apartment Building $5,300,000 ($139,474/Unit) 7.24% Cap Rate Afton, OK 74331
Investment Highlights
- 38 income producing cabins on Monkey Island at Grand Lake!
- 27 pull-through RV sites coming Spring 2025!
- 100% occupied
Executive Summary
38 income producing cabins on Monkey Island at Grand Lake! 100% occupied. On-site coin laundry facility and a storage building add to the income! Cabins built between 2009-2022. Lots of vacant land to improve with plans for 27 pull-through RV sites planned. So many opportunities for additional revenue streams!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $5,300,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $139,474 | Building Class | C |
| Sale Type | Investment | Lot Size | 22.73 AC |
| Cap Rate | 7.24% | Building Size | 30,654 SF |
| Sale Condition | Business Value Included | Average Occupancy | 100% |
| No. Units | 38 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2009/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Price | $5,300,000 |
| Price Per Unit | $139,474 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| Sale Condition | Business Value Included |
| No. Units | 38 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 22.73 AC |
| Building Size | 30,654 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2009/2022 |
| Parking Ratio | 2.54/1,000 SF |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Maintenance on site
- Pond
About 27210 S HIGHWAY 125 , AFTON, OK 74331
Take a look at this incredible opportunity to own 38 income producing cabins on Monkey Island at Grand Lake! 100% occupied. On-site coin laundry facility and a storage building add to the income! Cabins built between 2009-2022. Lots of vacant land to improve with plans for 27 pull-through RV sites coming Spring 2025! So many opportunities for additional revenue streams!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 37 | $1,500 | - |
| 1+1 | 1 | $1,200 | - |
Property Taxes
| Parcel Number | 0081155 | Total Assessment | $978 (2025) |
| Land Assessment | $978 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0081155
Land Assessment
$978 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$978 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Knob Hill Resort | 27210 S Highway 125
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