This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1021 Falcon Rd
Altus, OK 73521
Reservoir Pointe Apartments · Multifamily Property For Sale · 18 Units
PROPERTY FACTS
| No. Units | 18 | Lot Size | 1.00 AC |
| Property Type | Multifamily | Building Size | 13,015 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1977/2018 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 13,015 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1977/2018 |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Smoke Free
Site Amenities
- Courtyard
About 1021 Falcon Rd , Altus, OK 73521
18 units backing up to Altus Reservoir, which is undergoing a beautification upgrade. Property sits off Falcon Road, which is also being expanded in advance of the new mission the Air Force Base gets in November. 18 units with a mix of (4) 1-bedroom flats, (10) 2-bedroom flats, and (4) 2-bedroom townhouses. Ample surface parking. The property has undergone a significant upgrade that includes renovated bathrooms, new front doors, new flooring, etc. This upgrade has been completed in the last 30 days. Individually metered for electricity and gas, property pays for water/sewer. Extremely efficient and cost-effective property with a very strong rental history. Current ownership spans over 13 years and is retiring. Historical occupancy is well into the 90's. Construction is brick/siding. Property is in good condition with no known deferred maintenance.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 14 | - | - |
PROPERTY TAXES
| Parcel Number | 0205-00-003-000-0-002-00 | Improvements Assessment | $45,946 |
| Land Assessment | $9,934 | Total Assessment | $55,880 |
PROPERTY TAXES
Learn More About Investing in Apartment Buildings
