701 153Rd StOklahoma City, OK 73170

Property Details for 701 153Rd St

Year built

1975

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Oklahoma City

County

Cleveland

State

Oklahoma

Latitude

35.3162

Longitude

-97.5254

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