This is a 24 Unit Apartment Property. There are 23 Efficiency Apartments and one 2 Bedroom-2 Bath Apartment. The latter would be ideal for an onsite Property Manager. The Rehab of the 23 Units has begun but most are not completed. The ones that are completed have wood tile flooring, kitchen area, new stove, new microwave, etc. The ones that are not completed have the majority of the needed appliances and supplies on site to complete the project. This property was operated as a Motel in years past. This has an opportunity to have an excellent cash flow and cap rate.
Okeene is located in Oklahoma. Okeene, Oklahoma has a population of 960. Okeene is less family-centric than the surrounding county with 28.8% of the households containing married families with children. The county average for households married with children is 31.81%.
The median household income in Okeene, Oklahoma is $46,250. The median household income for the surrounding county is $52,538 compared to the national median of $69,021. The median age of people living in Okeene is 29.5 years.
The average high temperature in July is 94.5 degrees, with an average low temperature in January of 23.9 degrees. The average rainfall is approximately 31.3 inches per year, with 10 inches of snow per year.
