Property details

Oklahoma Multifamily Portfolio, Southwest Region

Property Description

Oklahoma Multifamily Portfolio

470 Total Number of Units.

All 3 are owned by the same owner and all are located in a major Oklahoma city.

All three properties maintain occupancies in the high 90’s.

170 Units

Price: $10,920,000 / $65,000 a door

NOI excluding Cap-Ex, mgmt. costs and reserves: $643,741

This property was just refinanced with Fannie debt last month so that debt would have to be assumed. $5.686MM. 5 Years. 30 year amm. 5.76%. 4.5-year Yield Maint.

250 Units

Price: $16,640,000 / $65,000 a door NOI excluding Cap-Ex, mgmt. costs and reserves: $977,095 (Increased insurance costs is going to affect this). This property had a fire in early December, 2022. There are 12 units affected and they are now in the early stages of the renovation.

50 Units (Has an active MOD / HAP contract) 2022 T-12

Price: $4,465,000 / $95,000 a door NOI excluding Cap-Ex, mgmt. costs and reserves: $254,179 (Managed from the Tamarack office. Requires no additional staff)



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Highlights

Status:
Available
Price:
$32,025,000
Cap Rate:
5.85%
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
470
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.