According
to Forbes
Magazine, Oklahoma City is the best positioned metro area to ride
out the current crisis with falling unemployment, a strong housing market and
strong growth in agriculture, energy and manufacturing.
In fact it is number 1 on
their list of recession proof cities. And, as Oklahoma City expands westward, this complex in
historic El Reno, OK is an investor’s dream, an urban type apartment community
in a rural setting. And El Reno is
GROWING too—building permits have been issued for around 80 single family
homes directly north of the property!
801 N Willlie L Miner, El Reno, OK
YEAR BUILT – 1972
AMENITIES INCLUDE
LAUNDRY
PICNIC AREA
FENCED (COULD BE GATED)
WORK SHOP
CENTRAL HEAT/AIR
LOTS OF OPEN SPACE
8.31 ACRES MOL (COUNTY
RECORDS)
8—2 STORY
BUILDINGS—BRICK WITH SIDING
INDIVIDUAL METERS FOR
ELECTRIC
Financial
Data Available Upon Request
I
All units are
carpeted with the exception of the kitchen and bath area with central heat &
air, stoves and refrigerators, most
replaced in the past two years. Breezeways
offer covered entries to all units. Section
8 units could be added on a limited basis.
Terms: Cash Sale, “as is,
where is” with no warranties written or expressed.
5% down on day of sale, balance to close in 30 days.
3.5% Buyers Premium. Closing costs to be
split 50/50 between buyer and seller.
Seller to provide good title.
Broker
participation welcomed
|
77 Unit Complex!
12 - 1 BED 1 BATH @ $300 1 - 2 BED 1 BATH @ $400 23 – 2 BED 1 BATH @ $350 4 – 3 BED 2 BATH @ $450 32 – 3 BED 1 BATH @ $400 2 – 4 BED 1 BATH @ 500 2 – 4 BED 1
BATH @ 450 3 BED1 BATH
MANAGER’S APT Current Occupancy @ about 70% |