3720 N Pennsylvania Ave, Oklahoma City, OK 73112 - Property for Sale
Available For Sale - Multifamily
34,319 SF
|
Show Pricing $
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AVAILABILITY DETAILS
- Size
- 34,319 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA532439
- Notes
- THE HEIGHTS OKC APARTMENTS , a prime investment opportunity located at 3720 N Pennsylvania Ave, Oklahoma City, OK 73112. With 36 units spread across a spacious 34,319 square feet, this property offers a lucrative chance to enter the thriving Oklahoma City market. Situated in a highly desirable location, Heights Apartments OKC provides residents with easy access to a range of amenities and attractions.
The property features a mix of one and two-bedroom units, each boasting extensive modern amenities that ensure tenants' comfort and satisfaction. The surrounding demographics make this investment even more appealing. With a projected population of over 208,000 within a five-mile radius, there is a strong potential for a high occupancy rate. In terms of financials, the property presents an attractive proposition.
Priced at $5,200,000, this acquisition offers a price per unit of $144,444 and a cap rate of 5.56%. With a projected NOI of $288,973 investors can expect a solid return on their investment. Don't miss out on this exceptional investment opportunity. Contact Paola Andeola at (405) 907-6085 for more information.
Discover an exceptional investment opportunity in the heart of Oklahoma City, where high-occupancy luxury apartments are situated near the iconic Penn Square Mall, the prestigious 50 Penn Place, and the highly-anticipated Oak development. This prime location offers investors the advantage of proximity to premier retail and dining destinations, creating a magnet for discerning tenants seeking convenience and a vibrant lifestyle.
These meticulously designed apartments not only promise consistent rental income but also the potential for property value appreciation, thanks to the dynamic surroundings and the imminent growth of the Oak development. Operating expenses are efficiently managed, ensuring a lucrative return on investment.
In a market influenced by ever-evolving conditions, this property stands as a resilient investment, offering competitive rental rates that align with local market trends. The presence of competing properties underscores the strength of this prime location.
As the Oak development continues to shape the community, this investment stands to benefit from a vibrant neighborhood with an array of offices, restaurants, and boutique shops. The synergies created by this mixed-use environment promise additional income streams, enriching the investment further.
Position yourself strategically for success with this investment and consider the broader economic and market factors. A comprehensive feasibility study, consultation with real estate experts, and a well-defined exit strategy are essential components of realizing the full potential of this opportunity. Embrace the future of real estate investment at its best in the heart of Oklahoma City.
- Uses
- Multifamily
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Levi Horner, Ariston Realty LLC
Levi Horner, Ariston Realty LLC
