• iBuyRightProperties.com

399 Units OKLAHOMA CITY MULTIFAMILY PORTFOLIO

Updated: May 20

"SUPER VALUE ADDED" AT 50 TO 60% OFF OF THE FAIR MARKET VALUE SCALE. THIS

399 PORTFOLIO SALE IS AN OPPORTUNITY IT BUY LOW AND SELL HIGH.......

BUY LOW AND SELL HIGH TO OBTAIN THESE 399 C+ CLASS VALUE ADDED MULTI-FAMILY

UNITS IN OKLAHOMA CITY

  PURCHASE PRICE IS VERY FIRM PER THE SELLER AT $18,960,000. BUYER TO PAY THE

4% REAL ESTATE COMMISSION

OR

SHOULD THE BUYER CHOOSE TO HAVE THE COMMISSION PAID BY THE SELLER, PRICE IS

$19,718,400 (THIS PORTFOLIO IS DELIVERABLE WHILE IT IS AVAILABLE)

Off-market value-add opportunity. Underperforming B/C class assets in need

of repair and lease up. Price is $47k+/door firm. Not an NOI deal. Price per

pound. Potential value up to $70k-$85k/door depending on finish out and

performance. Three other properties totaling 200 units also available for

the buyer of these units. This is a portfolio sale only.

OKLAHOMA CITY MULTIFAMILY PORTFOLIO

399 units in three properties

Excellent Value-Add Opportunity

Address are:

1. Midwest Pointe....403 W. Silverwood Dr. Midwest City, Oklahoma 73110

(County Address  Silverwood Apartments 1200 N Air Depot Blvd Midwest City,

OK 73110)

2. Council Pointe....521 N. Council Rd. Oklahoma City, OK 73127

3. Campus Pointe....1601 NW 30th St. Oklahoma City, OK 73118

Highlights:

. Cash buyers preferred for this "Off-Market" offering

. This is a price sale and NOT an NOI or cap rate sale

. Rehab and stabilization project

. B/C-Class assets in busy central Oklahoma City submarket

. Recent appraisals show "as-is" values

. UPSIDE: Update interior units

. UPSIDE: Repair and update building exteriors

. UPSIDE: Implement RUBBS for utility recapture

. UPSIDE: Implement aggressive marketing and management strategies for

leasing, collections and retention

THIS PORTFOLIO SALE IS OFF THE MARKET MUST STAY OFF THE MARKET, PLEASE DO

NOT LET THIS PORTFOLIO GO VIRAL

DEAR BUYER, THIS IS AN OFF THE MARKET (NOW) AND THIS IS A PRE-DUE DILIGENCE

PACKAGE AND NOT A FORMAL DUE DILIGENCE PACKAGE. PLEASE NOTE: THE SELLER MAY

HAVE PROVIDED HISTORICAL FINANCIALS UPFRONT. THE SELLER "IS NOT" ASKING THE

POTENTIAL BUYER TO PROVIDE A PSA AND ESCROW DEPOSIT UPON THE RECEIPT OF THIS

OFFERING MEMORANDUM, JUST AN LOI SHOWING THE BUYER'S INTEREST, BUYER'S

INVESTMENT BIO, BUYER SIGNED MASTER FEE AGREEMENT AND THE FACT THAT THE

BUYER IS FINANCIALLY CAPABLE. GIVEN THAT IF THE BUYER CHOOSES TO DO THE

PREVIOUS PROTOCOL AND PROOF UP ATTORNEY TO ATTORNEY, THAT IS THE BUYER'S

OPTION. ONCE PROOFED UP, THE SELLER WILL PROVIDE SOME OF THE UPDATED AND

THEN THE SELLER WILL PROVIDE ABSOLUTELY EVERYTHING IN FORMAL DUE DILIGENCE.

BUYER & SELLER PARTICIPATION MUST BE A TWO STREET.

TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC

MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER

TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE,

DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST

MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE

THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL

BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO.  THE BUYER TO

PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND

STATEMENT OF ACCOUNT. PLEASE NO TRANSACTIONAL FUNDING




TSJM

13 views

© 2019 by iBuyRightProperties. Proudly created by Joanna Wright

  • Facebook - White Circle
  • Twitter - White Circle