Heather is a leasing story. Twenty-one units are leased and paying. Four are down — light make-ready and they're back online, no major capital required. Get them turned, and the income picture changes immediately.
The second layer is rents. The leases this property has signed in 2025 and 2026 are well above what most of the building is paying today. That gap closes one renewal at a time, and the path is already proven on the rent roll.
A clean, operations-driven deal in a market that doesn't see much new supply. Poteau is the LeFlore County seat, 35 minutes from Fort Smith, AR, with a renter base anchored by Eastern Oklahoma Medical Center, the Choctaw Nation's regional health facilities, Walmart, OK Foods, and Carl Albert State College.
Offered standalone or as part of the five-property Poteau Apartments Portfolio.
49 days
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47
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3
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Zillow last checked:
Listing updated:
Listed by:
Joshua Harmon479-719-0344,
Harmon Real Estate Company
Source: Western River Valley BOR,MLS#: 1089513Originating MLS: Fort Smith Board of Realtors
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: Western River Valley BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.