Heights Apartments OKC

3720 North Pennsylvania Avenue, Oklahoma City, OK

$5,200,000

Price

5.56%

Cap Rate

$288,973

NOI

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Map
Overview
Cap Rate
5.56%
NOI
$288,973
Pro Forma Cap Rate
8.39%
Building Size
34,319 sqft
Lot Area
64,933 sqft
Occupancy
89.05%
Units
36
GRM
14.13
Year Built
2006
Price Per Sqft
$151.52
Price Per Unit
$144,444
Zoning
Multifamily
Floors
2
Year Last Renovated
2018
Highlights
  • Completed in 2019 at this prime location in Oklahoma City, these apartments are poised to attract discerning tenants and generate impressive rental income.
  • Steady Capacity: With its strategic location adjacent to Oklahoma City University, this property boasts a high probability of maintaining maximum occupancy rates. Located just minutes away from downtown Oklahoma City, attracting working professionals looking to live close to their workplaces, investing in this property ensures a steady stream of potential tenants.
  • Spacious Living: Generous living spaces at The Heights Apartments. The one-bedroom units offer a comfortable 850 square feet, while the two-bedroom units provide a generous 1200 square feet.
  • Modern Amenities: Embrace the convenience of modern living at The Heights Apartments. Each unit is equipped with a full-size washer and dryer. Additionally, each unit has its own electricity meter, giving residents control over their energy usage and providing a sense of independence. Don't miss out on this prime property in a sought-after location.
  • Promising Investment: The Heights Apartments hold tremendous potential for property appreciation. Situated in an evolving neighborhood, the value of this property is expected to increase over time. Secure your long-term gains as an investor by capitalizing on the growth and development happening in the area.
  • Prime Location: Your tenants can experience the best of Oklahoma City living at The Heights Apartments. Situated near the vibrant Paseo Arts District, this property attracts art enthusiasts and those seeking a culturally rich community. Immerse yourself in the local art scene, explore unique shops, and enjoy captivating performances, all just steps away from your doorstep
  • Seamless Convenience: Access to essential amenities, ensuring a hassle-free living experience for all residents with grocery stores, pharmacies, and restaurants near by, you'll have everything you need within reach.. Amenities Near by: VASA Fitness, Whole Foods, Penn Square Mall, Oklahoma City University, Walmart, Target, Will Rogers Garden, Putnam Heights Academy, Integris Hospital and many more.
  • Easy Commutes: The Heights Apartments boast excellent transportation connectivity, with major roads and highways nearby. Whether you prefer to drive or utilize public transportation, commuting is a breeze, making it a desirable location for residents seeking convenience.
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Offering Memorandum
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