The Cedars Apartments represents an opportunity to purchase a value add property in a market with limited supply. With good management and updates in place, a new owner could anticipate significant rent growth.

This property was constructed in 1985, is individually metered for electricity, has pitched roofs, consists of two buildings and has a total of 32 one bedroom units. Located on West Rogers Boulevard (also Highway 20) the property is near Skiatook High School and the area's major retail development including Walmart.

Location Description:

The City of Skiatook, Oklahoma is a suburb of Tulsa just minutes from Tulsa's historic downtown central business district. Its population has soared 42% since 2000. State Highways 20 and 11 intersect on the east side of Skiatook's downtown, and SH 20 connects Skiatook with US 75 on its east city limits. Skiatook's central retail corridor is a 5 mile stretch of SH 20 that literally dissects the community and funnels thousands of people every year to the area's main destination, Skiatook Lake.

The City of Skiatook is actively seeking retail development projects to provide its businesses and residents with the convenience of local shopping and dining. Skiatook is ready to begin a retail growth phase to reflect the residential growth phase of the past 10 years. Skiatook has become well-known as one of the most beautiful lakes in the area. This man-made lake offers boating, hiking, swimming, camping, picnicking as well as hunting and fishing. This area brings visitors from all over to enjoy these community wide events including Pioneer Days, the Skiatook Bluegrass Festival, Fantasy in the Sky Fireworks Spectacular, several parades and too many fishing tournaments to name!

Highlights:

>> Pitched Roofs

>> Close to Walmart

>> Near Skiatook High School

>> Value Add Opportunity

* Email for additional photos