270 NW Electric Ave
New 9 Unit Apartment Complex
Marketing description
Finished November 2025, 9 unit Apartment building, Full Sprinkler system, Concrete parking lot, Close to McAlester Regional Hospital and multiple schools.
Each unit has 2 bedrooms and 2 bathrooms with an open floor plan for the kitchen, dining and living room.
The units are energy efficient with the electric bills averaging less than $100/ unit so far.
Water and Trash service is averaging less than $40 per month per unit.
High Speed Internet averages $55 per unit pre month
Insurance is $12,800 per year.
Full State Fire Marshall approved and an occupancy certificate issued.
Krebs is a small town attached to McAlester with a very low crime rate.
Investment highlights
Stable Cash Flow & High Demand: Apartment buildings offer consistent monthly income due to high demand for rental housing.
Appreciation & Value-Add Potential: Beyond natural market appreciation, investors can actively increase property value (forced appreciation) through renovations, upgrades, and improved management.
Tax Advantages: Investors often benefit from depreciation, deductions on expenses (maintenance, property management), and potential capital gains tax deferral on sales.
Portfolio Diversification: Owning multiple units in one complex spreads risk compared to single-family rentals.
Leverage Opportunities: Lower down payment requirements and easier financing options compared to other commercial real estate types, allowing investors to purchase larger, income-producing assets with less capital.
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