UPDATED:
Key Details
Property Type Multi-Family, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,560 sqft
Price per Sqft $66
Subdivision Lakeview Add
MLS Listing ID 1089515
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,231
Lot Size 0.551 Acres
Acres 0.551
Property Sub-Type Apartment
Property Description
Riviera is fully occupied — all twelve units leased — with 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 here is rent trajectory. The most recent leases signed at Riviera 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 — a clean operational hold for a buyer looking for a smaller-asset entry point into the Poteau market.
Poteau is the LeFlore County seat, 35 minutes from Fort Smith, AR via US 59/271. The renter base is anchored by Eastern Oklahoma Medical Center, the Choctaw Nation's regional health facilities, Walmart, OK Foods, and Carl Albert State College. Limited competing new supply.
Offered standalone or as part of the five-property Poteau Apartments Portfolio.
Location
State OK
County Leflore
Interior
Heating Baseboard
Cooling Window Unit(s)
Flooring Laminate, Vinyl
Fireplace No
Appliance Electric Water Heater
Laundry None
Exterior
Exterior Feature Concrete Driveway
Parking Features Parking Lot
Fence None
Roof Type Architectural,Shingle
Building
Lot Description Subdivision
Entry Level Two
Foundation Brick/Mortar
Level or Stories Two
Schools
Elementary Schools Poteau
Middle Schools Poteau
High Schools Poteau
School District Poteau
Others
Tax ID Q240-00-004-000-0-005-00
Security Features None
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/101-North-Avenue-Poteau-OK-74953/unbranded
Nearby Locations
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