The Heights Apartment Complex
$5,049,000
3720 North Pennsylvania Avenue, Oklahoma City, OK 73112
35,502 sqft
Building Size
1.49 acres
Lot Area
Details:
Highlights:
- Occupancy: 100%
- Renovated in 2024
- Brick and Stucco exterior
- New Roof
- Concrete Parking Lot
- Gated Community with Key Pad Access
Description:
The Heights Apartment Complex is a 41-unit multifamily property totaling approximately 35,502 SF on 1.49 acres in Oklahoma City. The property was fully renovated in 2024 and is currently 100% occupied, offering immediate lease-up potential and stabilized operations. The asset generates $490,632 in gross income and $378,697 NOI, representing a 7.5% cap rate at the asking price. Located on N Pennsylvania Avenue in a dense infill corridor, the property benefits from strong rental demand and proximity to major employment and population centers.
Discover the dynamic neighborhood surrounding the property in Oklahoma City, OK. Situated near exciting dining, entertainment, and shopping options, the area provides a desirable lifestyle for residents. Within close proximity, renowned attractions like the Oklahoma City Museum of Art, Myriad Botanical Gardens, and the Oklahoma City National Memorial & Museum offer cultural enrichment. The property is also conveniently located near major employers, public transportation, and recreational parks, making it an excellent investment opportunity for multifamily and high-rise development. Embrace the vibrant energy and growth potential of the Oklahoma City market at this prime location.
Documents:
| Title | ||
|---|---|---|
| The_Heights_OM.pdf |
Location
