19070 191st Ave - Multi-Family FOR SALE


Spiro, OK 74959
$2,350,000 USD
479-231-7833
19070 191st Ave, Spiro, OK for Sale
$2,350,000 USD
Multi-Family - FOR SALE
1/14
null | 7.02% Cap Rate

19070 191st Ave
Spiro, OK 74959


OVERVIEW

This newly constructed 24-unit apartment community is located just outside of Fort Smith, AR, in the growing town of Spiro, OK. The property offers a rare opportunity to acquire a stabilized, turnkey investment in a market with strong rental demand and limited new multifamily supply. All units are thoughtfully designed 2-bedroom, 1-bath floorplans, providing comfortable and efficient living spaces that appeal to a wide range of tenants, from young professionals to small families. The property is 100% occupied, with full occupancy maintained for the past six months, reflecting both the quality of the asset and the strength of the local rental market. The property is individually metered for all utilities, significantly reducing operating expenses and providing long-term efficiency for ownership. With modern construction, minimal deferred maintenance, and proven tenant demand, the asset offers a low-risk acquisition with strong in-place cash flow and upside potential through future rent growth.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

24

PRICE/UNIT

$97,917

CAP RATE

7.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spiro 24

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0000-19-09N-26E-0-112-00

ASK ABOUT THIS PROPERTY

Corey AllenGREA-Global Realtor Estate Advisors BranchMore Info
479-231-7833

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Corey AllenGREA-Global Realtor Estate Advisors BranchMore Info
479-231-7833

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