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Highfill Court Apartments 727 E Culbertson Dr

16 Unit Block of Flats £1,404,498 (£87,781/Unit) 5.37% Net Initial Yield Oklahoma City, OK 73105

Executive Summary

Wonderful building just a few blocks from OU Medical Center, OKC Innovation District, and the OKC VA Medical Center. Thirteen of the sixteen units have been renovated within the last two years. The remaining three units have been updated with new appliances and paint. There is a nice, well lit, dry basement that could be utilized for laundry or storage for increased income. Available as a package with 701 Culbertson and 831/835 East Dr. LISTING BROKER IS THE OWNER OF THE PROPERTY.

Data Room Click Here to Access

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
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 (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
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 £1,404,498
Price Per Unit £87,781
Sale Type Investment
Net Initial Yield 5.37%
Gross Rent Multiplier 7.19
No. Units 16
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.51 AC
Building Size 20,402 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1927/2023
Parking Ratio 0.78/1,000 SF
Opportunity Zone Yes

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • Heating
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Basement
  • Lawn
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 12 - -
2+1 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
034677400
Land Assessment
£3,322 (2023)
Improvements Assessment
£76,559 (2023)
Total Assessment
£79,880 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025

zoning

Zoning Code RS (Capitol Medical Zoning Area)
RS (Capitol Medical Zoning Area)
  • Listing ID: 31358858

  • Date on Market: 28/03/2024

  • Last Updated:

  • Address: 727 E Culbertson Dr, Oklahoma City, OK 73105

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