For Sale
$4,076,751

701 153Rd StOklahoma City, OK 73170

26-Unit Value-Add Opportunity in OKC

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a portfolio of 24 buildings comprising 26 single-family rental units located at 701 SW 153rd St, Oklahoma City, OK 73170, within Cleveland County. The property, known as Project Vista, offers a compelling value-add proposition with a current asking price of $4,076,751 and a projected 6.50% capitalization rate. Built in 1975, the Class B property is currently vacant, presenting a unique chance for immediate renovation and lease-up to maximize rental income. The portfolio's strategic location in the Oklahoma City metropolitan statistical area (MSA) provides proximity to Tinker Air Force Base, a significant advantage for attracting tenants. This presents a strong potential for above-market rental rates following renovations. The portfolio's current vacancy status allows for a complete overhaul of the units, enabling the implementation of modern upgrades and improvements to enhance property value and rental appeal. This is an ideal opportunity for investors seeking to capitalize on the growing Oklahoma City rental market and benefit from the potential for significant returns on investment through property enhancement and increased occupancy. The portfolio's size and location make it an attractive investment for both individual and institutional investors. The property is situated at 35.3161488 latitude and -97.5254455 longitude.

Highlights

  • $4,076,751 asking price for a value-add multifamily investment opportunity.
  • 26 single-family rental units in a portfolio setting.
  • 6.50% projected capitalization rate.
  • Currently vacant, allowing for immediate renovation and lease-up.
  • Class B property built in 1975, comprised of 24 buildings.
  • Located in Oklahoma City, OK, near Tinker Air Force Base.

Property Details for 701 153Rd St

Property type
Residential income homes
Class
B
Year Built
1975
Buildings
24
Units
26

Location Insight

City
Oklahoma City
County
Cleveland
State
Oklahoma
Latitude
35.3161488
Longitude
-97.5254455
701 153Rd St, Oklahoma City, Oklahoma

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701 153Rd St
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