Colonial Elm on Memorial | 1148 S Memorial Dr
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Colonial Elm on Memorial 1148 S Memorial Dr
20 Unit Block of Flats For Sale 8% Net Initial Yield Tulsa, OK 74112
Executive Summary
Newly renovated 20-Unit complex for sale.
6 Studio units
12 1-bedroom unit
2 2-bedroom units
New flooring, HVAC, plumbing, windows
Completely new units from studs in
90% occupied
New automatic security gate
Updated courtyard with turf
Grading and exterior work
6 Studio units
12 1-bedroom unit
2 2-bedroom units
New flooring, HVAC, plumbing, windows
Completely new units from studs in
90% occupied
New automatic security gate
Updated courtyard with turf
Grading and exterior work
Property Facts
| Sale Type | Investment | Lot Size | 0.65 AC |
| Net Initial Yield | 8% | Building Size | 41,406 SF |
| No. Units | 20 | Average Occupancy | 80% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2024 |
| Apartment Style | Garden | Parking Ratio | 2.33/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| Net Initial Yield | 8% |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 41,406 SF |
| Average Occupancy | 80% |
| Number of Floors | 2 |
| Year Built/Renovated | 1965/2024 |
| Parking Ratio | 2.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 450 - 600 |
| 2+1 | 2 | - | 805 |
PROPERTY TAXES
| Parcel Number | 99311-93-11-11310 | Improvements Assessment | £63,567 |
| Land Assessment | £6,598 | Total Assessment | £70,165 |
PROPERTY TAXES
Parcel Number
99311-93-11-11310
Land Assessment
£6,598
Improvements Assessment
£63,567
Total Assessment
£70,165
zoning
| Zoning Code | RM2 |
| RM2 |
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Colonial Elm on Memorial | 1148 S Memorial Dr
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