1205 S Main St - Apartments FOR SALE


Altus, OK 73521
$225,000 USD
949-880-7300
1205 S Main St, Altus, OK for Sale
$225,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1205 S Main St
Altus, OK 73521


HIGHLIGHTS

  • On the main highway with billboard
  • Two double-wide trailers – fully leased
  • Owner-use office
  • $3,000 monthly rental income

OVERVIEW

Located at 1205 S Main Street in Altus, Oklahoma, this versatile investment property offers a compelling mix of residential income and owner-use commercial space. The site features two double-wide trailers, both fully leased to four tenants, generating a monthly rental income of $3,000. Each unit is well-maintained, contributing to long-term occupancy potential and reliable cash flow. At the front of the property, a dedicated office space is available for free use by the owner, making it ideal for on-site management or a small business operation. This commercial area includes a welcoming lobby, a functional front desk, and three separate private offices, offering flexibility and privacy for various professional needs. The property also includes a free roadside billboard, offering excellent visibility and advertising potential along South Main Street. Adding to its appeal, the property also includes an underground storm shelter, enhancing safety and peace of mind for both tenants and the owner. With its prime location on South Main Street and a blend of income-producing and operational features, this property is a strong candidate for investors seeking both utility and return.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

4

PRICE/UNIT

$56,250

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

Commercial

APN/PARCEL ID

0380-00-000-018-0-000-00,0380-00-000-018-0-001-00

ASK ABOUT THIS PROPERTY

Joshua OsborneInternational Migration DragonMore Info
949-880-7300

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Joshua OsborneInternational Migration DragonMore Info
949-880-7300

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