15 Apartments and 6 Storefronts In One Complex – 98k! For Sale

  • $98,000
  • 15 beds
  • 21 baths
  • 9,918 sqft

UPDATE: 5/21/2020 – Some updated pictures. This is officially for sale although I am still awaiting some rent rolls and information. Send me your questions and I will answer if I can. It may be after the holiday weekend before I can respond. Thank you for your patience.

  • This off market deal is a contract for sale or assignment.
  • 15 apartments with 6 occupied. 5 – 1bed/1bath apartments ($400.00 per month), 10 – 1bed/ 1bath studio apartments ($350.00 per month)
  • 6 Commercial Store fronts on ground level. (None currently occupied)
  • Asking $98,000.00
  • A.R.V. – $215,000.
  • Estimated Repairs – Needs some plumbing repairs and cosmetics. Most of the vacant apartments need work before they can be rented. Store fronts are basically storage units and need a lot of cosmetics, minor repairs and cleaned out before they can be utilized and leased.  $18,000.00 – $35,000.00 ( estimated cost to bring everything up to market ready.)
  • Buyer to do their own due diligence.
  • Buyer pays for all typical closing costs and fees except taxes.
  • Financing not available.
  • sorry, No rent to own.
  • Please do not trespass, shown by appointment only.
Price:
$98,000
Address:
301-305 S. Wewoka Ave.
Wewoka, OK 74884
Square Feet:
9,918
Lot Size:
10,500
Bedrooms:
15
Bathrooms:
21
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1929
Const. Type:
Multifamily/Commercial Property
MLS #:
N/A

Additional Features

On the southwest corner of 3rd Street and S. Wewoka Avenue is a two-story tan brick building with a flat roof, built in 1929. On the upper wall of the facade is a stone block reading: "19 DODD & SMITH 29". Above this is a stepped parapet with stone coping. The building is constructed of tan brick with three storefronts facing S. Wewoka and one storefront at the rear facing 3rd Street. The occupancy on the right facade at 301 S. Wewoka has a flat metal canopy. The storefront at 303 has a cloth awning and the storefront at 305 has a metal canopy. Each has a single entry door flanked with display windows. The storefront at 305 has an additional entrance to the second floor. Windows on the second floor of the facade are set in doubles with wood framing and a continuous sill. Windows on the north side are singles with individual stone sills. They second level is occupied as apartments. (15 apartments in all, some occupied)

Call (405) 543-2323 for more details

Property Location