Oklahoma Value Add Assumption Portfolio

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. 

Unit 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
No. of Stories
2
Zoning Code
RS-2
No. of Parking Spots
650
Opportunity Zone
Yes
Buy Side Fee
1%
View broker details

34.634809, -98.491578

35.385323, -99.396646

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