North Park Apartments | 2200 W University Blvd
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North Park Apartments 2200 W University Blvd
80 Unit Block of Flats For Sale Durant, OK 74701
Investment Highlights
- Stabilized Asset with Cash Flow from Day 1 with Value-Add Upside
- Strong Market Fundamentals
- Proximity to New Development and Nearby Attractions
Executive Summary
Capstone is pleased to present the North Park Apartments, an 80-unit garden-style apartment complex in Durant, OK. Built in 1975, North Park is a stabilized asset boasting cash flow day one to new ownership. Additionally, North Park is primed to benefit from various new developments and employment centers in the nearby area such as the Hard Rock Casino development, The Choctaw Casino and Resort, and the Choctaw Nation Headquarters. Lastly, Durant is part of the rapidly expanding Dallas-Fort Worth Combined Statistical Area (CSA) which is experiencing record growth along highway 75.
Property Facts
| Sale Type | Investment | Lot Size | 4.70 AC |
| No. Units | 80 | Building Size | 128,100 SF |
| Property Type | Residential | Average Occupancy | 97% |
| Property Subtype | Apartment | Number of Floors | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.70 AC |
| Building Size | 128,100 SF |
| Average Occupancy | 97% |
| Number of Floors | 2 |
| Year Built | 1975 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Deck
- Dining Room
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Tenant Controlled HVAC
- Grill
- Pet Play Area
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 640 |
| 2+1 | 40 | - | 840 |
| 3+1.5 | 6 | - | 1,100 |
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PROPERTY TAXES
| Parcel Number | A399-30-06S-09E-1-032-00 | Improvements Assessment | £122,271 |
| Land Assessment | £24,298 | Total Assessment | £146,569 |
PROPERTY TAXES
Parcel Number
A399-30-06S-09E-1-032-00
Land Assessment
£24,298
Improvements Assessment
£122,271
Total Assessment
£146,569
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North Park Apartments | 2200 W University Blvd
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