399 Units OKLAHOMA CITY MULTIFAMILY PORTFOLIO
Updated: Sep 19
"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.......
50 TO 60% OFF OF THE FAIR MARKET
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 $15,960,000. BUYER TO PAY THE 4% REAL ESTATE COMMISSION OR SHOULD THE BUYER CHOOSE TO HAVE THE COMMISSION PAID BY THE SELLER, PRICE IS $16,598,400
(THIS PORTFOLIO IS DELIVERABLE WHILE IT IS AVAILABLE) Check out this off-market value-add opportunity. Underperforming B/C class assets in need of repair and lease up. Price is $40k/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
1. Midwest Pointe - 403 W. Silverwood Dr. Midwest City, Oklahoma 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
VALUE ADDED......VALUE ADDED......VALUE ADDED......VALUE ADDED.......VALUE ADDED.
THIS PORTFOLIO SALE IS OFF MARKET.
To get any more info or make an offer NDA, LOI, POF, BIO required