The Avalon Apartments Listing Details & Market Data

SVN OAK Realty Advisors is pleased to present the exclusive offering for the Avalon Apartments in Durant, Oklahoma. This multi-family property consists of 150 units and was built in 1970. The apartment complex is considered a value-add investment opportunity due to its potential for improvement and the strong market fundamentals of the area. The sale of the Avalon comes with an attractive assumable financing option at a favorable rate of 3.82%.

A key advantage for the Avalon Apartments is its ideal location in Durant, Oklahoma. The city is situated in Bryan County, in the southern part of the state. Durant serves as the county seat and is strategically positioned near major transportation routes, including U.S. Highway 69/75, which connects it to the nearby cities of Dallas, Texas, and Oklahoma City.

Durant boasts a variety of demographic and economic factors that contribute to its attractiveness as an investment location. The city has a population of approximately 18,400 residents, making it a relatively small yet vibrant community. The population has experienced steady growth in recent years, providing a solid tenant pool for the Avalon Apartments.

The Avalon Apartments offer a fantastic unit mix consisting of spacious 1-4 bedroom units. This variety of unit sizes accommodates different tenant needs and preferences, making the property appealing to a wide range of renters, including students, families, and professionals.

In addition to the unit features, the Avalon Apartments also provide excellent community amenities. The property boasts a leasing office, on-site manager, large clubhouse, playground, basketball court, and dog park.