Pioneer Apartments Ponca City OK

Description:

Nestled next to the Pioneer Women Museum park in the E.W. Marland Mansion area of Ponca City Oklahoma. 62 Units mostly built in 1963 but added onto in 1975. Most recently striped to the studs for a complete renovation. Due to unfortunate lack of 2 subcontractors completion of demolition taking 18 months to finish removing the debris, just to begin the renovations. Rewiring to included breaker boxes in each unit, new roof, new windows and sliding doors were installed, and split HVAC systems, the City to install 3 transformers to bring electric into the buildings, allowing separate metering for tenant paid electricity. However trash, gas and water will have to be passed through to the tenants. Covered parking, possible storage and laundry adds other income to your bottom line. Quoted from the 6-2024 appraisal "The improvements are of good quality construction and are in good condition. The quality of the subject is superior to competing properties within Ponca City, OK. Overall, the market appeal of the subject is superior to competing properties with in Ponce City, OK, considering the significant recently completed and proposed renovations.

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