Property details

Apartments, Southwest Region

Property Description

Located at a intersection. This Terrific 118 EXTRA LARGE SIZE UNIT apartment community is just 1 mile east of the a major Oklahoma' s campus. The property has had the same owners since 1989 who have always kept it in great condition. Recent improvements include new roofs, new exterior painting, new sidewalks, parking lot overlays, french drains, and more. The complex has a great unit mix of 62-1 bed, 48-2 bed, and 8-3bed floor plans. The listing price is set to sell quickly at just $26,500/door for a superb investment property in a dynamic.

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Highlights

Status:
Available
Price:
$3,100,000
PSF:
$31
Cap Rate:
9.90%
Annual Rent:
$282,100
Rent Increases:
None
 

Property Information

Building Size:
99,724 sq.ft.
Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
118
Year Built:
1972
Land Area:
5.20 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.