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$ 1,900,000
Est. payment | /mo
2,250 SqFt
$ 1,900,000
Est. payment | /mo
2,250 SqFt
Key Details
Property Type Multi-Family
Sub Type MULTIFAMILY
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $844
MLS Listing ID 134997
Annual Tax Amount $6,098
Tax Year 2025
Lot Size 37.960 Acres
Lot Dimensions 37.96 acres
Property Sub-Type MULTIFAMILY
Property Description
Investment opportunity with significant room for future expansion! Situated on 37+ acres, this property features six duplexes totaling 12 units. Three duplexes were built in 2015, with three additional duplexes completed in 2026. Each unit offers 2 bedrooms and 2 bathrooms with an open, functional floor plan, spacious bedrooms, concrete floors, washer/dryer hookups, and all-electric utilities. Five of the units are fully furnished. The property also provides ample space for vehicle and trailer parking, making it well-suited for tenants with livestock, trailers, or recreational equipment. Designed with expansion in mind, the acreage offers room for additional duplexes and 30+ tiny homes, creating substantial potential to increase the property's existing income stream. Tenants also enjoy access to a roping arena, along with fenced horse pens and loafing sheds for livestock—an attractive feature for the area's equestrian and agricultural community. The owner currently pays trash and mowing for all units (excluding livestock pens), plus utilities for 5 of the 12 units. Conveniently located between Stillwater, Perkins, and Langston, this unique property combines established rental income, acreage, tenant amenities, and considerable development potential. This property provides a rare opportunity to acquire an investment property with multiple avenues for future growth.
Location
State OK
County Payne
Area Southwest
Zoning NONE Perkins
Interior
Heating Forced Air
Cooling Central
Exterior
Exterior Feature Metal
Parking Features Ground Level
Building
Story 1
Water Rural
Level or Stories 1
Schools
School District Perkins School District
Others
Ownership RC Range Properties, LLC
Listed by Okie Homes Realty, LLC
Nearby Locations
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