High Visibility property along East Highway 270. This property in the past has been a bar and could easily go back into service again as well. If you are looking for multi use though it offers high visibility along Highway 270, open area inside to modify, completely graveled yard, and the opportunity to turn it into whatever you see fit. Call today for more information
Investment Highlights Cap Rate: With a robust 7.8% cap rate, this well-maintained property provides potential buyers with a solid return on investment. Stable Occupancy: The complex has maintained 100% occupancy with a vacancy rate of less than 2% throughout its life, showcasing long-term tenant stability and minimizing investor risk. Upside Potential: Each unit is separately metered for electricity, allowing the new owner to shift electricity costs to tenants, which can significantly increase the net operating income (NOI). Owner Financing: The seller is willing to consider owner financing up to $500,000, offering flexibility for potential buyers. Well-Maintained: The property is in excellent condition, requiring no immediate capital expenditures, making it an attractive turnkey investment. Garage Parking: All units feature one or two-car garages, enhancing tenant satisfaction and ensuring continued high occupancy. Prime Location: Less than four miles east of McAlester, Oklahoma city limits, on Highway 270, the complex benefits from easy access to local amenities and employment centers within the Township of Alderville.
The median home value in Alderson, OK is $215,000. This is higher than the county median home value of $126,900. The national median home value is $338,100. The average price of homes sold in Alderson, OK is $215,000. Approximately 61.82% of Alderson homes are owned, compared to 4.55% rented, while 33.64% are vacant. Alderson real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Alderson real estate agent to arrange a tour today!
Alderson, Oklahoma has a population of 193. Alderson is less family-centric than the surrounding county with 18.42% of the households containing married families with children. The county average for households married with children is 27.65%.
The median household income in Alderson, Oklahoma is $46,964. The median household income for the surrounding county is $49,669 compared to the national median of $69,021. The median age of people living in Alderson is 50.8 years.
The average high temperature in July is 92.9 degrees, with an average low temperature in January of 29.8 degrees. The average rainfall is approximately 44.4 inches per year, with 4.2 inches of snow per year.