215 Meadow Drive

Newcastle, OK 73065

About this property

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.

About this property

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.

Features and Additional Information

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$10,500,000 Active
45,600 sqft

Presented By Tulsa-OKC Select Relocation Director

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Brokerage
Black Label Realty
1-405-849-5209
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Area Information

McClain | McClain County |

$ 10,500,000
This listing is play_arrow 3576.0% higher than the average in the area
$ 285,635 in the area
45,600 SqFt
This listing is play_arrow 2658.6% larger than the average in the area
1,653 SqFt in the area
$ 230 $/SqFt
This listing is play_arrow 33.1% more than the average in the area
$ 173 $/SqFt in the area
45 days on site
This listing is play_arrow 31.8% below the average in the area
66 days on site in the area

Schools in the Area

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    Elementary School
    Newcastle ES
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    Middle School
    Newcastle MS
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    High School
    Newcastle HS
Listed By Tiffany Trimble
Brokerage: Black Label Realty

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