Property details

Rare Oklahoma Multifamily Portfolio, Southwest Region

Property Description

Rare Oklahoma Multifamily Portfolio

First Time Offered For Sale. Fairly priced to sell quickly and firmly at $57,000 per door.

1,340 total units in 5 complexes.

All 5 apt complexes are in very good shape as outside looks great. Value add lies in upgrading appliances, modernizing kitchens. All complexes are well-maintained by a hands-on owner.

All complexes are at or very near 100% occupancy.

This is not a distressed offering. Class B+ to A conditions and locations (per the owner). The owner will not respond to any offers less than $57,000 per unit Net To The Seller (recent offers below were not responded to).

This is an Off-Market and Confidential Offering.

3 complexes are located in one major Oklahoma city. The other 2 are located in a college-town suburb of this major Oklahoma city.

All are owned by one owner.

This is a portfolio sale only (owner will not sell individually).

Terms of sale: The owner requires that any serious buyers will first need to view the portfolio (a drive-by will do).

The owner will not address any offers if the buyer has not performed this initial viewing of the portfolio properties.

If, after viewing, a buyer has further interest, the buyer shall than submit a LOI at $57,000 per unit.

Upon acceptance of the LOI, the owner will then provide P&L's, rent roll and schedule a tour of the properties.



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Highlights

Status:
Sold
Price:
$76,380,000
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
1340
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.