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31175853
31175985

2715 Chattanooga Loop, Ardmore, OK 73401

HC
$1,490,000
70 days on market
Updated 70 days ago

Trolley Square Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,000
Units 12
Cap Rate 7.25%
NOI $108,000
Occupancy 100%
Price per SqFt $124
Year Built 1984
Buildings 1
Stories 2
Occupancy Date 03/01/2026
Sale Condition For sale by owner

Multifamily | 12 Units | $124,167/unit

Marketing description

🏒 12-Unit Income-Producing Apartment Complex – Strong Cash Flow & Solid Returns

Exceptional opportunity to acquire a 12-unit multifamily property with consistent income and attractive investment metrics. This asset offers a stable revenue stream and long-term upside for investors seeking both cash flow and appreciation.

πŸ’° Financial Highlights:

  • Monthly Gross Income: $11,200
  • Annual Gross Income: $134,400

πŸ“Š Operating Expenses:

  • Property Taxes: $11,000/year
  • Water: $120/year
  • Electric: $216/year
  • Insurance: $15,300/year
  • Total Expenses: $26,636/year

πŸ“ˆ Investment Performance:

  • Net Operating Income (NOI): $107,764
  • Cap Rate: ~7.23% (based on $1,490,000 purchase price)

πŸ’΅ Financing Scenario (Example):

  • 25% Down Payment
  • 6.5% Interest Rate
  • 25-Year Amortization
  • Estimated Annual Debt Service: $90,600

πŸ’Έ Investor Returns:

  • Estimated Annual Cash Flow: $17,164
  • Cash-on-Cash Return: ~4.6%

✨ Investment Highlights:

  • Stable, income-producing asset
  • Strong cap rate for multifamily sector
  • Positive cash flow from day one
  • Opportunity for rent growth and value-add potential
  • Ideal for long-term hold and equity appreciation

This property represents a turnkey multifamily investment with solid fundamentals and reliable performance. Whether you’re expanding your portfolio or entering the multifamily space, this asset delivers both income stability and future upside.

This 12-unit apartment complex generates

Listing Contacts

HC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$108,000.00
$9,000.00/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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