214 W Maple, Stillwater, OK 74074

  • $840,000
214 W Maple, Stillwater, OK 74074
Pending
214 W Maple, Stillwater, OK 74074
214 W Maple, Stillwater, OK 74074
  • $840,000

Description

100% OCCUPIED – LEASED THROUGH MAY/JUNE 2027 – 3 BLOCKS TO OSU! Excellent investment opportunity within easy walking distance of Oklahoma State University! This well-maintained 6-unit apartment complex features three units upstairs and three downstairs. Each spacious unit offers approximately 970 sq. ft. with 2 bedrooms, 1 bathroom, an open-concept living room and kitchen, and a stackable washer and dryer. Granite countertops throughout, luxury vinyl plank flooring throughout. All six units were completely remodeled in Fall 2020/Spring 2021, providing updated interiors and an attractive, established rental property. A gated front courtyard creates a welcoming community atmosphere for residents, while ample on-site parking accommodates full occupancy. The property has a strong rental history and is currently 100% occupied, with all units leased through May or June 2027, providing an incoming owner with established tenants and immediate rental income. The current owner pays utilities other than tenant internet and/or cable. Beginning in May 2027, the planned utility structure is for the owner to pay water only, due to the property having a single water meter, with tenants responsible for all other applicable utilities. With its exceptional location just 3 blocks from the OSU campus, spacious 970 sq. ft. units, updated interiors, in-unit laundry, gated courtyard, adequate parking, and established occupancy, this property offers an attractive opportunity for an investor seeking a stabilized multifamily property in a highly desirable rental location. For current rental rates, rent roll information, lease details, and additional financial information, please inquire. Seller is also offering this property with 317 – 317 1/2 S. Walnut St. (duplex) as a package deal; see separate listing.

  • Address 214 W Maple
  • City Stillwater
  • State/county OK
  • Zip/Postal Code 74074
  • Area E College Addit

Details

  • Price: $840,000
  • Property Size: 5824 Sqft
  • Garage Size: x x
  • Year Built: 1974
  • Property Type: Apartments, Residential Income
  • Property Status: Pending
  • List Agent Name: Vicky Jerome
  • List Office Name: RE/MAX Signature

Additional details

  • School District: Will Rogers Elementary
  • Roof: Composition
  • Sewer: City
  • Cooling: Central
  • Heating: Forced Air
  • County: Payne
  • Property Type: Residential Income
  • Parking: Parking Lot
Okie Homes Realty & Property Management 424 E Lakeview Rd, Stillwater, OK 74075 (405) 338-9616

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