101 North Avenue

Twelve units. 101 North Avenue, Poteau, Oklahoma. 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.