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Cardenas & Associates Realty
200 Folsom Street, Poteau, OK 74953
- $1,500,000
- 19,296
- SqFt
- List Price
- $1,500,000
- Status
- PENDING
- Days on Market
- 106
- MLS#
- 1089500
- Subtype
- Residential
- Year Built
- 1995
- Living Area
- 19,296
- Acres
- 1.29
- Subdivision
- Poteau Main Town
Property Description
Serenity Heights — 24 uniform two-bedroom/one-bath units totaling 19,430 SF at 200 Folsom Street, Poteau, OK. New 2025 roof, repairs complete, 95.8% leased. In-place rents sit below market, and the gap is backed by 2025–2026 leases signed on the property itself — clean operations-driven upside, not a renovation gamble. Poteau is the LeFlore County seat, 35 minutes from Fort Smith, AR via US 59/271. The renter pool is anchored by Eastern Oklahoma Medical Center, the Choctaw Nation's regional health facilities, Walmart, OK Foods, and Carl Albert State College. Population 9,300 and growing, with little competing new supply. Available standalone or alongside the other four properties in the Poteau Apartments Portfolio — 87 units across five individually-deeded communities, sold together or asset-by-asset.
Additional Information
- Exterior Features
- Concrete Driveway
- Taxes
- $7,383
- Flooring
- Vinyl
- Appliances
- Electric Water Heater
- Heating
- Central
- Air Conditioning
- Central Air
- Stories
- 2
- Roof
- Architectural, Shingle
- Foundation
- Slab
- Parking Features
- Parking Lot
- Elementary School
- Poteau
- Middle School
- Poteau
- High School
- Poteau
Listing courtesy of Joshua Harmon from Harmon Real Estate Company