The Downtown OKC 53
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The Downtown OKC 53
4 Residential Properties Offered at £3,156,000 in Oklahoma City, OK
Executive Summary
Legacy CP Advisors is pleased to offer the Downtown OKC 53 Portfolio.
53 Units across four properties located in some of the premier districts in Downtown Oklahoma City.
This Value-Add portfolio provides significant upside through renovations and operations with renovated comps boasting a rent delta upwards of $500/unit and consistent mid-90's occupancy.
The Downtown OKC submarket is one of the strongest in the entire metro with 3.1% trailing rent growth, 5.1% projected and 4.2% Net Absorption with comparable properties.
Pro Forma Stabilized Non-Renovated Cap Rate: 6.98%
Pro Forma Stabilized Renovated Cap Rate: 9.14%
53 Units across four properties located in some of the premier districts in Downtown Oklahoma City.
This Value-Add portfolio provides significant upside through renovations and operations with renovated comps boasting a rent delta upwards of $500/unit and consistent mid-90's occupancy.
The Downtown OKC submarket is one of the strongest in the entire metro with 3.1% trailing rent growth, 5.1% projected and 4.2% Net Absorption with comparable properties.
Pro Forma Stabilized Non-Renovated Cap Rate: 6.98%
Pro Forma Stabilized Renovated Cap Rate: 9.14%
Data Room Click Here to Access
Property Facts
| Price | £3,156,000 | Number of Properties | 4 |
| Price / SF | £82.18 / SF | Individually For Sale | 0 |
| Net Initial Yield | 9.14% | Total Building Size | 38,404 SF |
| Sale Type | Investment | Total Land Area | 1.24 AC |
| Status | Active |
| Price | £3,156,000 |
| Price / SF | £82.18 / SF |
| Net Initial Yield | 9.14% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 38,404 SF |
| Total Land Area | 1.24 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2301 NW 18th St, Oklahoma City, OK 73107 | Residential | 7,962 SF | 1960 | - |
|
32nd Street Apartments
1731 NW 32nd St, Oklahoma City, OK 73118 |
Residential | 17,340 SF | 1964 | - |
|
Lawndale Apartments
1212 NW 26th, Oklahoma City, OK 73106 |
Residential | 8,694 SF | 1974 | - |
| 2123 SW 46th St, Oklahoma City, OK 73119 | Residential | 4,408 SF | 1955 | - |
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The Downtown OKC 53
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