101 N Ave, Poteau, OK 74953

Property Description

Fully Occupied 12-Unit Multifamily Investment with Recent Capital Improvements. Riviera Apartments offers investors a stabilized income-producing asset with an additional rent-growth component in Poteau, Oklahoma. The 12-unit community is currently fully occupied and benefits from a new roof and siding completed in 2025, providing meaningful recent exterior capital investment for the next owner. Recent leasing activity has established a rising lease-rate trend, creating an opportunity for continued organic income growth as existing leases turn over while maintaining the stability of a fully occupied property. This combination makes Riviera particularly attractive to an investor seeking current occupancy and cash flow without giving up future upside. Located within Poteau's established residential core, Riviera benefits from proximity to the area's employment, retail and educational anchors. Poteau serves as the LeFlore County seat and is approximately 35 miles southwest of Fort Smith, Arkansas. Riviera Apartments is offered individually at $675,000 ($56,250/unit) and may also be acquired with Heather Apartments and Georgia Place Apartments as part of the complete 48-unit Poteau portfolio. Contact Darren Marks for Offering Memorandum, rent roll, financials and additional information.