465795 51 Highway #1

We are putting up for sale 1 condo in a 9 unit condominium property.  This unit is currently occupied with a long term lease to own contract that pays $2,000 a month for 30 years.  Current tenants and contract will be transferred over to buyer.  All 9 condos are available for purchase and are located on 20 acres of land.  Each condo has 2 bedrooms and 2 bathrooms.  The condos were built in 2021 and all of them currently have tenants, generating $108,000 net income a year (this is after expenses !). The property has city/rural water, 3 aerobic septic tanks, 1 anaerobic septic tank, 1 pond, 4 power meters, and 15 full service RV stalls (50 amp power each with water and septic connections). Property has high speed fiber optic internet installed on all the RV stalls and the home. This land is centrally located. It is just 10 minutes from the Illinois River to enjoy fishing, camping, or rafting. It is also only 30 minutes from Lake Tenkiller. Tahlequah is 20 minutes west and Siloam Springs is 30 minutes north. Salisaw is 30 minutes south. Downtown Stilwell is only a few minutes east on Hwy 51. School bus picks up at entrance to property on Hwy 51.
A survey and legal description will be provided at the sale of the property once the parcel has been subdivided.