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About This Home

Premier Investment Opportunity – Fully Renovated Condominium Portfolio. Welcome to 701 Highpoint Drive—an exceptional, turnkey investment opportunity in one of Stillwater’s most desirable and high-demand locations. If your investment portfolio is lacking, this property delivers immediate performance and long-term potential. This impressive offering includes three buildings totaling 24 fully remodeled condominium units, each featuring 2 bedrooms and 1 full bath with a modern, open-concept kitchen and dining layout designed for today’s lifestyle. Completely renovated in late 2025, every unit showcases high-quality, contemporary upgrades including: Brand-new windows and HVAC systems. Durable wood flooring throughout. Updated appliances, cabinetry, and stunning quartz countertops. Innovative, space-saving features such as 2-in-1 sink/dishwasher units and all-in-one washer/dryer combos. These thoughtful enhancements create a sleek, efficient living space while minimizing maintenance and maximizing tenant appeal. The property boasts a clean, modern aesthetic from top to bottom, offering peace of mind with essentially “like-new” construction throughout. Location is unmatched—just minutes (approximately 3 blocks) from Oklahoma State University, Stillwater High School, shopping, dining, and a scenic walking path to Boomer Lake, ensuring consistent rental demand. Investment Highlights: 24 Units at $1,500/month = Strong income potential. Recently completed renovation (December 2025). Already 100% occupied. Individually metered utilities (electric & gas paid by tenants). Owner pays water. Flexible covenants allowing Airbnb and short-term rentals. With immediate cash flow, modern upgrades, and a prime location, 701 Highpoint Drive is a rare opportunity to acquire a stabilized, high-performing asset in the thriving Stillwater market. PNL available with pre-approval

Getting Around

Car-Dependent

Very Limited Transit

Very Bikeable

Schools

7/10

Will Rogers Elementary SchoolGrades PK-50.5 mi

10/10

Stillwater Junior High SchoolGrades 8-91.5 mi

9/10

Stillwater High SchoolGrades 10-120.5 mi

Construction

Condition

Year built: 1977

Materials

Foundation: Slab
Roof: Composition
Construction materials: Brick Veneer

Type & Style

Home type: MultiFamily
Property subType: Multi Family

Interior

Appliances

Appliances included: Microwave,Range,Oven,Dishwasher,Washer/Dryer Hookup,Unit 1 Refrigerator,Unit 1 Dishwasher,Unit 1 Washer/Dryer,Unit 1 Range
Laundry features: Washer/Dryer Hookup

Bedrooms & Bathrooms

Bedrooms: 2
Bathrooms: 1

Heating & Cooling

Heating features: Forced Air
Cooling features: Central Air

Interior Area

Total structure area: 22,218
Total interior livable area: 22,218 sqft

Property

Details

Zoning description: Multi Family Planned Stw

Features

Levels: 2
Stories: 2
Fencing: Fenced

Lot

Lot size: 1.02 Acres
Lot size dimensions: 1.02 Ac m/l

Parking

Parking features: Ground Level,Concrete,Parking Lot,Parking Spaces,21-30

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

Cold WaveRelatively High
HailRelatively High
Ice StormRelatively High
TornadoRelatively High
Heat WaveModerate
Strong WindModerate
Winter WeatherModerate

How This Home’s Risks Compare

FEMA Declared Disasters in Payne County and Oklahoma

Fire

Severe Storm

Straight Line Winds

Tornado

Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

	Monthly	Annual
Mortgage	$27,305	$327,660
Home Insurance	$5,213	$62,556
Property Taxes	$3,465	$41,580
Electricity	$1,652	$19,833
Total	$37,635	$451,620

Income You'd Need if You Spent...

30% on housingRecommended$1,505,400/yr

35% on housing$1,290,342/yr

40% on housing$1,129,050/yr

45% on housing$1,003,600/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.1%

10.1%

0%30.0%

Electricity Growth Rate10-year average: 3.9%

3.9%

0%15.0%

Property Taxes Growth Rate2-year average: -2.0%

-2.0%

0%15.0%

Income Spent on Housing

30%

30%45%

Comparing Against the Market

Price Per Sq Ft

$243This listing

vs Other Active Listings

Avg $/sqft

ZIP 74075$152

Payne County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 74075$160