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11697 E 83rd St N
Owasso, OK 74055

Rolling Hills at Elm Creek · Residential Property For Sale · 96 Units

Investment Highlights

  • The Owasso submarket ranked 8th for highest apartment occupancy out of the 20 submarkets in the greater Tulsa area with average occupancies nearly 95%
  • Year of year rental rates in the Owasso submarket increased over 3% on average with three bedrooms having the largest growth of 7.4%
  • The average rental rate in the submarket is north of $850 dollars which is $50 dollars more than the average asking rent at Rolling Hills leaving plen
  • Average household income in a 1mi radius is nearly $60,000 and over $70,000 in a 3 mi radius

PROPERTY FACTS

No. Units 96
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 7.07 AC
Building Size 96,712 SF
Average Occupancy 97%
Number of Floors 2
Year Built/Renovated 1996/2019
Parking Ratio 1.55/1,000 SF

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Refrigerator
  • Oven
  • Walk-In Closets
  • Carpet
  • Patio
  • Vinyl Flooring

Site Amenities

  • Laundry Facilities
  • Picnic Area
  • Playground
  • Property Manager on Site
  • Grill
  • Maintenance on site

About 11697 E 83rd St N , Owasso, OK 74055

The community is especially well located, just off Highway 169 in Owasso, which is a thriving submarket of Tulsa,Oklahoma The majority of the jobs in the submarket come from manufacturing, distribution, retail trade and services sectors The largest employers that effect the Owasso submarket include the American Airlines Maintenance and Engineering Facility (7,000+ employees), Macy’s Distribution (3,500 employees), Whirlpool (1,600 employees), Nordam (1,400 employees), and the eagerly anticipated one million square-foot Amazon Distribution Facility (opens in Q2 2020 with 1,500 employees)

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 48 £762.50 850
3+2 48 £862.50 1,006

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
61415-14-29-53060
Land Assessment
£53,094
Improvements Assessment
£458,155
Total Assessment
£511,248

zoning

Zoning Code RM2 (RS-)
RM2 (RS-)
  • Listing ID: 19352259

  • Date on Market: 27/04/2020

  • Last Updated:

  • Address: 11697 E 83rd St N, Owasso, OK 74055

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