01-16-2023
01-23-2023
2505 NW 82nd St Lawton, OK 73505
220 Ridgecrest Dr Elk City, OK 73644
Exceptional Upside Potential
Strong Market Fundamentals
Great Properties 1980's
Low Rents with over $100 of increased rental income
Portfolio Description
Five property portfolio consisting of 547 units. All 1980's construction with office, club house, on site laundry and swimming pools and covered parking.
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SIGN INUnit Mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| Studio | 30 | 400 | $ 375 |
| 1 + 1 | 168 | 650 | $ 575 |
| 2 + 1 | 341 | 850 | $ 665 |
| 3 + 2 | 8 | 1,050 | $ 850 |
Key Portfolio Information
Listing Status
Available
Multifamily type
Garden Style
No. of Units
547
Cap Rate
7%
GRM / GIM
5.6
Average Occupancy
91
Year Built
1981
Year Renovated
2021
Building Size
432,560 Sq ft
Price per unit
0
Lot Size
32.00 acres
Zoning Code
RS-2
No. of Parking Spots
650
Opportunity Zone
Yes
Buy Side Fee
1%
Financial Details
Income/Expense Info
Pro Forma
Financial Year
2023