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Timbercreek’s 64 units are broken down into an excellent unit mix of 32 one-bedroom units and 32 two-bedroom units. Located right off the main street through town allows residence quick access to major businesses and job opportunities. The property sits back off the street creating a quiet neighborhood and a beautiful colonial setting. Drawing from a trade area consisting of approximately 82,343 people, Elk City has shown continual increase in median income salaries since 2015. Presence of large national retailers create steady job opportunities for residents and large city funded public projects reveal a general confidence for a growing town.
Buyers are to submit offers in the form of a non-binding letter of intent, spelling out the specific terms and conditions of the Buyer’s offer. Buyers are required to provide a description of their debt/equity structure and qualifications to close. Seller will base their decision on price, terms, and overall Buyers qualifications and ability to close.
Prospective purchasers will have the opportunity to visit the property via pre-scheduled tours. These tours will include access to a representative sampling of units as well as common areas and other similar facilities. In order to accommodate the Property’s ongoing operations, visitation will require advance notice and scheduling through Price Edwards & Company.