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200 Folsom Street, Poteau, OK 74953

$1,500,000
: 19,296
SqFt

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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

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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.

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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