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Utica Garden Townhouse Apartments 6710 S Utica Pl

31 Unit Block of Flats £4,616,455 (£148,918/Unit) 6.77% Net Initial Yield Tulsa, OK 74136

Investment Highlights

  • Mix of Duplex, Triplex and Quadruplex Townhome Buildings
  • New Roofs, Exterior 12-Year Paint, New Hardi Plank Siding, New Backyard Decks & Stairs
  • Below Market Rents
  • All units have a 2-Car Garage and Driveway, 2nd Floor Patio and Staircase
  • Located on the RiverParks Greenspace Network (Joe Creek Trail) connecting the property to 20 miles of parks/greenways along the Arkansas River

Executive Summary

This unique investment opportunity features a mix of duplex, triplex, and quadruplex townhome buildings, each unit equipped with a two-car garage, driveway, second-floor patio, and staircase. Recent upgrades include new roofs, durable Hardi Plank siding, 12-year exterior paint, and newly built backyard decks with stairs. Situated along the scenic RiverParks Greenspace Network and Joe Creek Trail, the property offers direct access to 20 miles of parks and greenways along the Arkansas River, enhancing its appeal for residents. With below-market rents, this property presents strong potential for increased returns. Motivated seller—buyers are encouraged to propose their preferred deal terms in a non-binding offer to Frank Gyorody or Nick Lancetti at fgyorody@lee-associates.com.

Data Room Click Here to Access

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £4,616,455
Price Per Unit £148,918
Sale Type Investment
Net Initial Yield 6.77%
No. Units 31
Property Type Residential
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 1.87 AC
Building Size 46,665 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 2006/2024
Parking Ratio 0.04/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Deck
  • Den
  • Dining Room
  • Family Room
  • Handrails
  • Pantry
  • Patio
  • Porch

Site Amenities

  • Walking/Biking Trails

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2.5 31 £1,027 1,489 - 1,511

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15690-83-06-49480
Land Assessment
£6,455 (2023)
Improvements Assessment
£21,517 (2023)
Total Assessment
£27,973 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code RS-3 (Residential)
RS-3 (Residential)
  • Listing ID: 32092126

  • Date on Market: 11/06/2024

  • Last Updated:

  • Address: 6710 S Utica Pl, Tulsa, OK 74136

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