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Listed by Sierra Snowden • Sage Sotheby's Realty

$ 995,000

Est. payment | -/mo

20 Beds

10 Baths

6,449 SqFt

Save

$ 995,000

Est. payment | -/mo

Save

20 Beds

10 Baths

6,449 SqFt

Key Details

Property Type Single Family Home

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,449 sqft

Price per Sqft $154

MLS Listing ID OKC1244906

Style Traditional

Bedrooms 20

Full Baths 10

Construction Status Stone,Brick Veneer

Year Built 1987

Annual Tax Amount $3,550

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Other

Property Description

INVESTMENT OPP — CURRENTLY LEASED AT $6,150/MO | 7.25% CAP RATE | 3% ANNUAL RENT ESCALATOR | APPROX. 3 YRS REMAINING ON LEASE Rare investment opportunity in the heart of Stillwater offering established income today and significant long-term flexibility. The property is currently occupied under a triple-net (NNN) lease and has a 12+ month history of consistent rent payments, providing buyers with an established tenant and income stream. The property has also benefited from recent improvements, including a brand-new suppression system and additional work completed to address current code requirements, adding meaningful value for an incoming owner. Situated on approximately 2 acres near major employment and education, this unique property offers more than 6,000 SF of flexible space with 20 bedroom / 10 bathrooms. Originally constructed for group housing use, the property features expansive common areas, multiple offices, large gathering spaces, a commercial-style kitchen area, extensive parking, outdoor patio space, mature trees, flower beds, and a park-like setting. Beyond the existing lease, the property's size, configuration, location, and acreage provide extensive long-term optionality for an investor. The versatile floor plan may accommodate a variety of future uses or repositioning strategies, subject to buyer verification of zoning, licensing, occupancy requirements, and intended use. Substantial outdoor space includes garden areas, open green space, and room for a variety of recreational or operational needs. With an existing NNN lease, a proven history of consistent rent payments, contractual annual rent growth, recent property improvements, and significant flexibility for future use, this property offers a compelling combination of current cash flow and long-term investment potential in Stillwater. Buyer to verify all information, measurements, lease terms, financial information, zoning, permitted uses, code compliance, licensing, and occupancy requirements.

Location

State OK

County Payne

Interior

Fireplace N

Exterior

Parking Features Concrete

Garage Description Concrete

Roof Type Composition

Building

Lot Description Campus Area

Foundation Slab

Architectural Style Traditional

Structure Type Stone,Brick Veneer

Construction Status Stone,Brick Veneer

Schools

Elementary Schools Highland Park Es

Middle Schools Stillwater Jhs

High Schools Stillwater Hs

School District Stillwater

Multiple Listing Service of Oklahoma (MLSOK)

Nearby Locations

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908 E 12th AVE Stillwater, OK 74074