111 E St - Apartments FOR SALE


Elgin, OK 73538
$906,900 USD
580-678-3778
111 E St, Elgin, OK for Sale
$906,900 USD
Apartments - FOR SALE
1/8
null | 6.5% Cap Rate

111 E St
Elgin, OK 73538


HIGHLIGHTS

  • Low Cost Ownership
  • Exceptional Occupancy History
  • Spacious Studio Living

OVERVIEW

Investment Opportunity – 6-Unit Multifamily in Rapidly Growing Elgin, OK Seize the chance to own a well-performing 6-unit apartment complex in one of Southwest Oklahoma’s fastest-growing and safest communities — Elgin, Oklahoma. Built in 2012 by local professional homebuilder Brent Hulen, this property was designed from the ground up with long-term durability, beauty, and ease of ownership in mind. The complex has enjoyed 100% occupancy with a strong rental history, making it an ideal turnkey investment. Property Highlights: 6 Units | All 2 Bed / 2 Bath – highly desirable floorplans for long-term tenants Consistently 100% Occupied with a proven history of strong demand Upstairs Units: unique, loft-style feel with soaring 14-ft vaulted ceilings, abundant natural light, and an open, modern studio atmosphere Downstairs Units: low-maintenance artistically stamped concrete floors, built for both style and durability Low-Cost Ownership – simple grounds to maintain, minimal upkeep, and construction focused on long-term efficiency New Roof Installed Prior to Closing – turnkey condition for peace of mind Seller intends to complete this transaction as part of a 1031 tax-deferred exchange. Elgin is experiencing robust population and commercial growth, fueled by its excellent schools, family-friendly atmosphere, and easy access to nearby Lawton/Ft. Sill. This property offers investors a rare opportunity to acquire a stable, cash-flowing asset in a market with strong upside potential.

FOR SALE DETAILS

PRICE

$906,900 USD

PRICE/SF

$159 USD /SF

# OF UNITS

6

PRICE/UNIT

$151,150

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Audubon Elgin

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,039 SF

ZONING

R-5

APN/PARCEL ID

160034790

ASK ABOUT THIS PROPERTY

Brent HulenHulen PropertiesMore Info
580-678-3778

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Brent HulenHulen PropertiesMore Info
580-678-3778

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.