399 Units OKLAHOMA CITY MULTIFAMILY PORTFOLIO
Updated: May 20
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
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THIS PORTFOLIO SALE IS OFF MARKET.
To get any more info or make an offer NDA, LOI, POF, BIO required