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Listed by Tiffany Trimble • Black Label Realty
$10,500,000
Est. payment /mo
1 Bed
1 Bath
45,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type More Than 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 45,600 sqft
Price per Sqft $230
MLS Listing ID OKC1238462
Style Traditional
Bedrooms 1
Full Baths 1
Construction Status Brick & Frame
HOA Fees $8,100
Year Built 2021
Property Sub-Type More Than 4 Units
Property Description
Exceptional Multifamily Investment Opportunity atThe Meadows at Newcastle
The Meadows at Newcastle is a fully occupied 38 unit, gated 55+ multifamily community located in one of Oklahoma's fastest growing markets. Positioned to benefit from Newcastle's continued residential and commercial expansion, the property is also near the planned Indian Health Service hospital, a significant development expected to bring new employment opportunities and increase housing demand in the area.
The community consists of 36 one bedroom, one bathroom units, each offering approximately 800 square feet of living space with attached one car garages. And 2 units offering 1270 square feet with two bedrooms and two bathrooms. The homes are complemented by a 1,200 square foot community clubhouse featuring a full kitchen, gathering area, office, restroom, safe room, and oversized garage.
Each residence includes all major appliances, tile flooring throughout, and walk in showers. Current Owner paid water, sewer, trash service, and HOA dues provide added convenience for residents and contribute to the property's appeal.
This well maintained asset offers investors the opportunity to acquire a quality multifamily community in a high growth market with strong long term fundamentals. The combination of a desirable 55+ community, modern construction, attractive amenities, and Newcastle's expanding economy makes The Meadows at Newcastle an exceptional investment opportunity. Rent Roll available with signed NDA.
The Meadows at Newcastle is a fully occupied 38 unit, gated 55+ multifamily community located in one of Oklahoma's fastest growing markets. Positioned to benefit from Newcastle's continued residential and commercial expansion, the property is also near the planned Indian Health Service hospital, a significant development expected to bring new employment opportunities and increase housing demand in the area.
The community consists of 36 one bedroom, one bathroom units, each offering approximately 800 square feet of living space with attached one car garages. And 2 units offering 1270 square feet with two bedrooms and two bathrooms. The homes are complemented by a 1,200 square foot community clubhouse featuring a full kitchen, gathering area, office, restroom, safe room, and oversized garage.
Each residence includes all major appliances, tile flooring throughout, and walk in showers. Current Owner paid water, sewer, trash service, and HOA dues provide added convenience for residents and contribute to the property's appeal.
This well maintained asset offers investors the opportunity to acquire a quality multifamily community in a high growth market with strong long term fundamentals. The combination of a desirable 55+ community, modern construction, attractive amenities, and Newcastle's expanding economy makes The Meadows at Newcastle an exceptional investment opportunity. Rent Roll available with signed NDA.
Location
State OK
County Mcclain
Interior
Fireplace N
Exterior
Roof Type Composition
Building
Lot Description Interior Lot
Story 1
Foundation Slab
Architectural Style Traditional
Structure Type Brick & Frame
Construction Status Brick & Frame
Schools
Elementary Schools Newcastle Es
Middle Schools Newcastle Ms
High Schools Newcastle Hs
School District Newcastle
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Nearby Locations
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