15351 W Highway 66 - Apartments FOR SALE


Sapulpa, OK 74066
$599,000 USD
918-282-6537
15351 W Highway 66, Sapulpa, OK for Sale
$599,000 USD
Apartments - FOR SALE
1/43
null | 6.82% Cap Rate

15351 W Highway 66
Sapulpa, OK 74066


HIGHLIGHTS

  • Fully remodeled units
  • Conveniently situated alongside Historic Route 66
  • New roof and upstairs deck in 2019

OVERVIEW

Introducing 15351 W HWY 66, a 6-unit multifamily property right off of historic Route 66 in Sapulpa! This property offers strong income potential with major updates already completed. Each 816 sq ft unit features 2 bedrooms and 1 bathroom, kitchen with granite counters, refrigerator, range/oven, dishwasher and disposal, and laundry hook ups. Fully renovated in 2018, including new HVAC systems, ductwork, water heaters, flooring, appliances, and interior finishes throughout. New roof and new upstairs deck in 2019. 2023 Everest ice machine (purchased for approx. $46k) included in sale. With current occupancy at 83% (5/6 units, was recently 100%, held for showings), in-place income, and upside due to below-market rents, this property presents an attractive value-add opportunity. Conveniently located - less than 5 minute drive to Downtown Sapulpa, and easy access to major highways. Positioned in a growing Sapulpa market, 15351 W HWY 66 is a great opportunity for investors seeking low-maintenance, stability, and future growth potential.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

6

PRICE/UNIT

$99,833

CAP RATE

6.82%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15351 W HWY 66

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,427 SF

ZONING

RM2

APN/PARCEL ID

1999-32-018-011-0-290-00

ASK ABOUT THIS PROPERTY

Greg RobbinsOak & Sage Realty LLCMore Info
918-282-6537

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Greg RobbinsOak & Sage Realty LLCMore Info
918-282-6537

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