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Value-Add Multifamily near Key Job Centers 312 N Creek St 5 Apartment Units Online Auction Sale Holdenville, OK 74848
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Investment Highlights
- 312 N Creek Street offers a versatile multifamily acquisition, comprising five vacant apartment units with a renovation or adaptive reuse upside.
- Walkable to quality downtown amenities, and just minutes away from numerous shopping and dining options on the Business 270 retail corridor.
- Growing 10-mile population of more than 13,000, with over 34% of residents currently renting their homes, creating a valuable resident pipeline.
- Originally built in 1963 and currently in distressed condition, allowing a new owner to quickly revitalize or reimagine the property.
- Strong regional connectivity, with proximity to major Highways 48 and 270, allowing travel to Oklahoma City in under 90 minutes.
- Absolute auction | Starting bid $1.
Executive Summary
312 N Creek Street is a flexible multifamily investment opportunity located in a prime area of Holdenville, Oklahoma. The property spans 3,325 square feet and features five vacant apartment units that are currently in need of repairs, making it an excellent value-add prospect for investors. There are several ways to maximize the 312 N Creek Street's potential, with opportunities to renovate the existing units to meet strong market demand, restore a sixth unit to boost rental income, or repurpose the building for diverse commercial uses.
312 N Creek Street consists of four single-story buildings, originally constructed in 1963 and situated on a 0.24-acre lot with a paved yard that provides convenient on-site parking. The property is located just a few blocks from downtown's Main Street, making it easy to access walkable retail shops and service amenities. It is also only minutes away from the Business 270 retail corridor, the area’s primary commercial hub, featuring major national retailers such as Walmart Supercenter, McDonald’s, Dollar General, O’Reilly Auto Parts, Subway, Sonic Drive-In, and more.
312 N Creek Street is well-positioned for commuters, being close to Holdenville’s largest employers, including Holdenville General Hospital, Tyson Foods Feed Mill, and Davis Correctional Facility. Additionally, the property offers excellent regional access due to its proximity to major Highways 48 and 270, allowing travel to Oklahoma City in under 90 minutes.
Looking within 10 miles of 312 N Creek Street, Holdenville presents favorable demographics and a strong multifamily leasing climate. The area is home to a growing population of more than 13,000, with over 34% renting their homes, resulting in a renter population of more than 4,400. This sizable interest is met with only approximately 210 apartment units within the same region, driving a reported vacancy rate of only 5.2%. Locals of the area earn an average household income of more than $58,000 and produce more than $106 million in annual consumer spending. This dependable renter base makes Holdenville the perfect place for a strategic value-add investment aiming to revitalize multifamily units and meet the area’s rising demand.
Property tours are by appointment only. Please contact the listing broker to schedule.
312 N Creek Street consists of four single-story buildings, originally constructed in 1963 and situated on a 0.24-acre lot with a paved yard that provides convenient on-site parking. The property is located just a few blocks from downtown's Main Street, making it easy to access walkable retail shops and service amenities. It is also only minutes away from the Business 270 retail corridor, the area’s primary commercial hub, featuring major national retailers such as Walmart Supercenter, McDonald’s, Dollar General, O’Reilly Auto Parts, Subway, Sonic Drive-In, and more.
312 N Creek Street is well-positioned for commuters, being close to Holdenville’s largest employers, including Holdenville General Hospital, Tyson Foods Feed Mill, and Davis Correctional Facility. Additionally, the property offers excellent regional access due to its proximity to major Highways 48 and 270, allowing travel to Oklahoma City in under 90 minutes.
Looking within 10 miles of 312 N Creek Street, Holdenville presents favorable demographics and a strong multifamily leasing climate. The area is home to a growing population of more than 13,000, with over 34% renting their homes, resulting in a renter population of more than 4,400. This sizable interest is met with only approximately 210 apartment units within the same region, driving a reported vacancy rate of only 5.2%. Locals of the area earn an average household income of more than $58,000 and produce more than $106 million in annual consumer spending. This dependable renter base makes Holdenville the perfect place for a strategic value-add investment aiming to revitalize multifamily units and meet the area’s rising demand.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | Auction Sale | Lot Size | 0.24 AC |
| Type of Ownership | Fee Simple | Building Size | 3,325 SF |
| No. Units | 5 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Single-Family Home | Parcel Number | 0005-00-041-019-0-009-01 |
| Zoning | SF - Single Family Residence | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,325 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1963 |
| Zoning | SF - Single Family Residence |
| Parcel Number | 0005-00-041-019-0-009-01 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Kyle Simon, Vice President
Kyle is the current Vice President for AQRE Advisors. Prior to joining AQRE Advisors in early 2022, Kyle served as the VP for Friedman Real Estate in Farmington Hills, MI. Kyle is a 2013 graduate of Michigan State University, where he returned to then earn his Juris Doctor degree.
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Auction Contact
John Artozqui
Contact
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value-Add Multifamily near Key Job Centers | 312 N Creek St
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