Riviera Apartments

101 North Avenue, Poteau, OK 74953

Accepting Offers
Riviera ApartmentsRiviera ApartmentsRiviera ApartmentsRiviera Apartments
Asking Price

$700,000

Riviera Apartments

101 North Avenue, Poteau, OK 74953

Asset Type: Real Estate

Estate: Fee Simple

Number of Floors: 2

Property Size: 7,900 SF

Property Type: Multifamily

Occupancy %: 100

Number of Units: 12

Investment Highlights

  • 12 units · 100% occupied
  • New 2025 roof and siding
  • 1BR/2BR floor plan mix
  • Rising recent-lease trend; 2026 leases at top of historical range
  • Smaller-asset entry point into the Poteau market
  • Clean operational hold
  • Offered standalone or in the three-property Poteau Apartments Portfolio

Riviera Apartments

Twelve units, fully occupied. A mix of one- and two-bedroom floor plans. Current ownership installed a new roof and new siding in 2025, addressing the most visible elements of the building envelope. The story at Riviera is rent trajectory: the most recent leases signed on the property step up meaningfully from the older tenancy on the rent roll, including 2026 leases at the top of the property's range. That gives an incoming owner a clear, evidence-backed renewal path — bring legacy rents toward where the property is already leasing today, one turn at a time. Stable occupancy, recent envelope investment, and a rent roll that proves its own upside make Riviera a clean operational hold for a buyer looking for a smaller-asset entry point into the Poteau market. Offered standalone or as part of the three-property Poteau Apartments Portfolio.

Sale FAQs

Investment Sales Broker

Darren Marks

Darren Marks

Harmon Real Estate Company

OK License: 208848

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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