115 Sheridan North St - Apartments FOR SALE


Medicine Park, OK 73557
$859,900 USD
580-357-0842
115 Sheridan North St, Medicine Park, OK for Sale
$859,900 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

115 Sheridan North St
Medicine Park, OK 73557


HIGHLIGHTS

  • Newly constructed property completed in 2024.
  • Two duplex buildings provide four fully furnished residential units.
  • Open-concept floor plans support short-term rental operations.
  • In-unit washers and dryers are included in each residence.
  • Located in Medicine Park near major outdoor recreation destinations.

OVERVIEW

Whispering Cobblestone Cabins presents an opportunity to acquire a newly constructed short-term rental property in Medicine Park, Oklahoma. Completed in 2024, the offering consists of two duplex buildings containing four fully furnished residential units. Each unit features a two-bedroom, two-bathroom layout with open-concept living areas and in-unit washers and dryers, creating a turnkey setup for continued vacation rental operations or flexible ownership use. Located within Medicine Park, one of Oklahoma's most recognized resort and tourism destinations, the property benefits from year-round visitor traffic driven by the town's distinctive cobblestone character, nearby recreational attractions, and proximity to the Wichita Mountains Wildlife Refuge and Lake Lawtonka. The area's tourism appeal supports demand from travelers seeking short-term accommodations, weekend getaways, and outdoor recreation experiences. The property's configuration offers operational flexibility. Investors can continue operating all units as short-term rentals, while owner-occupants may choose to occupy a unit and generate supplemental income from the remaining residences. The fully furnished condition and recent construction reduce immediate capital expenditure requirements and provide a streamlined transition for new ownership. With four residential units, modern construction, and a location within one of Oklahoma's established tourism markets, the asset offers an opportunity for buyers seeking lodging-oriented real estate rather than a traditional apartment investment. As requested, no cap rate assumptions or projections have been included.

FOR SALE DETAILS

PRICE

$859,900 USD

PRICE/SF

$221 USD /SF

# OF UNITS

4

PRICE/UNIT

$214,975

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whispering Cobblestone Cabins, LLC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,065 SF

ZONING

-

APN/PARCEL ID

0039199

ASK ABOUT THIS PROPERTY

Tiphanie MurphyParks Jones Realty CoMore Info
580-357-0842

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Tiphanie MurphyParks Jones Realty CoMore Info
580-357-0842

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