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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