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1810-1824 S Perkins Rd

14 Unit Block of Flats £548,232 (£39,159/Unit) 8.57% Net Initial Yield Stillwater, OK 74074

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Investment Highlights

Highly occupied, great starting point for Cap ex program
Possible short term owner finance with 25% down

Possible PUD conversion

Executive Summary

Highly occupied , value add asset with great upside for a local operator who can implement Capex and operational efficiencies. Unit mix is as follows: (8) 2/1 apartments, (4) 1/1 apartments and (2) SFRs all on one lot. Likely PUD conversion per the city.

Stillwater OM PDF

Offering Memorandum

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£89,296	£9.94
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£89,296	£9.94
Taxes	£6,658	£0.74
Operating Expenses	£35,640	£3.97
Total Expenses	£42,298	£4.71
Net Operating Income	£46,998	£5.23

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£89,296
Annual Per SF	£9.94

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£89,296
Annual Per SF	£9.94

Taxes
Annual	£6,658
Annual Per SF	£0.74

Operating Expenses
Annual	£35,640
Annual Per SF	£3.97

Total Expenses
Annual	£42,298
Annual Per SF	£4.71

Net Operating Income
Annual	£46,998
Annual Per SF	£5.23

Property Facts

Price	£548,232	Building Class	C
Price Per Unit	£39,159	Lot Size	0.95 AC
Sale Type	Investment	Building Size	8,980 SF
Net Initial Yield	8.57%	Average Occupancy	100%
No. Units	14	Number of Floors	1
Property Type	Residential	Year Built	1951
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£548,232
Price Per Unit	£39,159
Sale Type	Investment
Net Initial Yield	8.57%
No. Units	14
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.95 AC
Building Size	8,980 SF
Average Occupancy	100%
Number of Floors	1
Year Built	1951
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.