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Value-Add Multifamily Investment near OBU 661 N Park Ave 8 Unités d’appartements Vente à l’encan en ligne Shawnee, OK 74801
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Faits saillants de l'investissement
- 661 N Park Avenue offers an eight-unit multifamily asset in vacant and distressed condition, providing an immediate renovation upside for investors.
- Prime location with proximity to Downtown Shawnee and major job centers, including Oklahoma Baptist University and SSM Health St. Anthony Hospital.
- Growing 5-mile population exceeding 39,000, with more than 43% currently renting their homes and over $55M in annual spending on household costs.
- Property spans a total of 2,050 square feet across two stories, with an attractive brick façade, flexible unit layouts, and large windows.
- Proximity to Highways 177, 270, and 3E, and only 10 minutes from Interstate 40, allowing travel to Oklahoma City in just 45 minutes.
- Absolute auction | Starting bid $1.
Résumé de l'annonce
661 N Park Avenue presents a strategically located multifamily investment in the heart of Shawnee, Oklahoma. Comprising eight vacant apartment units in distressed condition, this rare opportunity provides an adaptable asset with significant value-add potential for renovation or adaptive reuse.
661 N Park Avenue, built in 1935, spans 2,050 square feet of building area on 0.26 acres. The two-story building includes an attractive brick façade, flexible unit layouts, and large windows for rich natural lighting. The lot includes generous yard space, including a fenced rear yard that can be used for parking or an outdoor common area.
The property enjoys a prime location just blocks from Shawnee’s downtown core, within walking distance of quality dining, retail, and recreation options. 661 N Park Avenue is easily accessible, situated within minutes of Highway 177, 270, and 3E. Additionally, Interstate 40 is reachable in just 10 minutes, allowing travel to Downtown Oklahoma City in under 45 minutes. This well-connected location attracts residents with proximity to Shawnee’s largest job centers, including Oklahoma Baptist University, SSM Health St. Anthony Hospital, and the Shawnee Mall.
Shawnee’s Multifamily Market presents favorable fundamentals and demographics that empower new investments in the region. When looking within 5 miles of 661 N Park Avenue, Shawnee provides a growing population of more than 39,000, with more than 43% currently renting their homes. These locals contribute more than $384 million in annual consumer spending, including more than $55 million spent on household costs. The market enjoys stable multifamily vacancies of approximately 8.1%, and with no new inventory constructed in the last decade, there is limited competition for quality housing in the area. This creates an upside to renovating the subject property and delivering modernized residences that are well-positioned against local competitors.
Discover an exceptional acquisition in Pottawatomie County offering a prime location and significant value-add growth potential at 661 N Park Avenue.
Property tours are by appointment only. Please contact the listing broker to schedule.
661 N Park Avenue, built in 1935, spans 2,050 square feet of building area on 0.26 acres. The two-story building includes an attractive brick façade, flexible unit layouts, and large windows for rich natural lighting. The lot includes generous yard space, including a fenced rear yard that can be used for parking or an outdoor common area.
The property enjoys a prime location just blocks from Shawnee’s downtown core, within walking distance of quality dining, retail, and recreation options. 661 N Park Avenue is easily accessible, situated within minutes of Highway 177, 270, and 3E. Additionally, Interstate 40 is reachable in just 10 minutes, allowing travel to Downtown Oklahoma City in under 45 minutes. This well-connected location attracts residents with proximity to Shawnee’s largest job centers, including Oklahoma Baptist University, SSM Health St. Anthony Hospital, and the Shawnee Mall.
Shawnee’s Multifamily Market presents favorable fundamentals and demographics that empower new investments in the region. When looking within 5 miles of 661 N Park Avenue, Shawnee provides a growing population of more than 39,000, with more than 43% currently renting their homes. These locals contribute more than $384 million in annual consumer spending, including more than $55 million spent on household costs. The market enjoys stable multifamily vacancies of approximately 8.1%, and with no new inventory constructed in the last decade, there is limited competition for quality housing in the area. This creates an upside to renovating the subject property and delivering modernized residences that are well-positioned against local competitors.
Discover an exceptional acquisition in Pottawatomie County offering a prime location and significant value-add growth potential at 661 N Park Avenue.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Faits sur la propriété
| Type de vente | Investissement | Classe d’immeuble | C |
| Condition de vente | Vente à l’encan | Taille du lot | 0,26 AC |
| Types de propriétaire | Pleine propriété | Taille du bâtiment | 2 050 pi² |
| Nombre d’unités | 8 | Occupation moyenne | 0% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1935 |
| Style d’appartement | De faible hauteur | Numéro de lot | 090000001003000000 |
| Type de vente | Investissement |
| Condition de vente | Vente à l’encan |
| Types de propriétaire | Pleine propriété |
| Nombre d’unités | 8 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,26 AC |
| Taille du bâtiment | 2 050 pi² |
| Occupation moyenne | 0% |
| Nombre d’étages | 2 |
| Année de construction | 1935 |
| Numéro de lot | 090000001003000000 |
Assez praticable à pied
40/100
Moyennement facile d’accès en voiture
60/100
Moyennement praticable en vélo
60/100
Conseiller(ère) en vente
Conseiller(ère) en vente
Kyle Simon, Vice President
Kyle est actuellement vice-président des conseillers de l'AQRE. Avant de se joindre aux conseillers de l'AQRE au début de 2022, Kyle a été vice-président de Friedman Real Estate à Farmington Hills, au Michigan. Kyle est diplômé de la Michigan State University en 2013, où il est retourné pour ensuite obtenir son diplôme de Juris Doctor.
À propos de la technologie des enchères
Les enchères de Ten-X représentent la technologie de transaction numéro 1 pour les transactions immobilières commerciales en ligne. Avec plus de 34 milliards de dollars en transactions totales, ces enchères utilisent une technologie de pointe et des données en temps réel sur les actifs afin de maximiser les chances de trouver l’acheteur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acheteurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les courtiers, les propriétaires et les investisseurs.
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Contact pour la vente à l’encan
John Artozqui
Contact
Permis de l’encanteur:
Ten-X Arlene Richardson RE Brkr 149227
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Frais de transaction 3%
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de la mise gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3%)
Prix d’achat total
5 150 000 $ USD
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Value-Add Multifamily Investment near OBU | 661 N Park Ave
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Value-Add Multifamily Investment near OBU | 661 N Park Ave
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