108-118 E Blake St
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108-118 E Blake St
6 Unit Apartment Building $599,000 ($99,833/Unit) 7.10% Cap Rate Hinton, OK 73047
Investment Highlights
- Great Location with large floor plans
- Lots of Storage
- All Appliances included
Executive Summary
Built in 2009 the property is in good condition. Located just off Interstate 40 in Hinton which is 50 miles west of Oklahoma City, Okla. The community has recently had growth, and a new Hotel is currently being built. They are currently developing 400 acres to the south of downtown. 40 acres of this is set aside for commercial, the balance will be retail and residential.
The Townhouses are all 3 bedroom with 1 1/2 half baths. Each unit is separately metered and has stackable W/D hook up, all of the appliances are provided. Each unit has a separate fenced patio and car port for two cars. Two of the units have sprinklers which helps with the cost of insurance. The property is located near the center of town on a corner lot.
The Townhouses are all 3 bedroom with 1 1/2 half baths. Each unit is separately metered and has stackable W/D hook up, all of the appliances are provided. Each unit has a separate fenced patio and car port for two cars. Two of the units have sprinklers which helps with the cost of insurance. The property is located near the center of town on a corner lot.
Property Facts
| Price | $599,000 | Apartment Style | Townhome |
| Price Per Unit | $99,833 | Building Class | C |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| Sale Conditions | Ground Lease (Leasehold) | No. Stories | 2 |
| No. Units | 6 | Year Built | 2009 |
| Property Type | Multifamily | Tenancy | Single |
| Property Subtype | Apartment | Parking Ratio | 2.67/1,000 SF |
| Price | $599,000 |
| Price Per Unit | $99,833 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Sale Conditions | Ground Lease (Leasehold) |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2009 |
| Tenancy | Single |
| Parking Ratio | 2.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
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108-118 E Blake St
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