$10,500,000
Exceptional Multifamily Investment Opportunity atThe Meadows at Newcastle
The Meadows at Newcastle is a fully occupied 38 unit, gated 55+ multifamily community located in one of Oklahoma’s fastest growing markets. Positioned to benefit from Newcastle’s continued residential and commercial expansion, the property is also near the planned Indian Health Service hospital, a significant development expected to bring new employment opportunities and increase housing demand in the area.
The community consists of 36 one bedroom, one bathroom units, each offering approximately 800 square feet of living space with attached one car garages. And 2 units offering 1270 square feet with two bedrooms and two bathrooms. The homes are complemented by a 1,200 square foot community clubhouse featuring a full kitchen, gathering area, office, restroom, safe room, and oversized garage.
Each residence includes all major appliances, tile flooring throughout, and walk in showers. Current Owner paid water, sewer, trash service, and HOA dues provide added convenience for residents and contribute to the property’s appeal.
This well maintained asset offers investors the opportunity to acquire a quality multifamily community in a high growth market with strong long term fundamentals. The combination of a desirable 55+ community, modern construction, attractive amenities, and Newcastle’s expanding economy makes The Meadows at Newcastle an exceptional investment opportunity. Rent Roll available with signed NDA.
1
Beds
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1238462
MLS
215 Meadow Drive, Newcastle
