4 Grand Lake Dr - Apartments FOR SALE


Afton, OK 74331
$849,900 USD
405-844-6016
4 Grand Lake Dr, Afton, OK for Sale
$849,900 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

4 Grand Lake Dr
Afton, OK 74331


HIGHLIGHTS

  • Six-unit multifamily investment sale comprising a duplex and a fourplex within a lake community setting.
  • Located on Grand Lake’s Monkey Island, near marinas, resorts, and recreation amenities.
  • Fully occupied with approximately $68,000 annual gross revenue reported by seller.
  • Recent interior improvements such as granite countertops and updated flooring increase property value.
  • Easy access to local dining, entertainment, and outdoor lifestyle attractions around Grand Lake O’ the Cherokees.

OVERVIEW

This offering presents an income-producing multifamily portfolio comprising a duplex and a fourplex with a total of six units, situated along Grand Lake Drive within the desirable Port Duncan area on Monkey Island. The property occupies approximately 1.2 acres and consists of one fourplex featuring four two-bedroom, two-bath units and one duplex with units configured as a two-bedroom, two-bath and a three-bedroom, two-bath residence. Recent updates include new granite countertops and carpeting in select units, enhancing long-term rental appeal. Currently operating at full occupancy, the asset generates an annual gross income of approximately $68,000, supported by a consistent tenant base. Two additional lots are included, providing future development potential for expanding the unit count or creating a custom lake property. Amenities offered by the neighborhood include access to the scenic Grand Lake O’ the Cherokees, a popular recreation destination, which contributes to year-round rental demand from locals, vacationers, and workforce tenants. With stable income, upside potential through new development, and a premier location inside a private community setting, this property serves as a compelling investment opportunity in one of northeastern Oklahoma’s most sought-after lakefront areas.

FOR SALE DETAILS

PRICE

$849,900 USD

PRICE/SF

$142 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,650

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,790 SF

ZONING

-

APN/PARCEL ID

0021476,0021478

ASK ABOUT THIS PROPERTY

Jeff HoranyMcGraw Realtors - LangleyMore Info
405-844-6016

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Jeff HoranyMcGraw Realtors - LangleyMore Info
405-844-6016

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