520 N Rockwell Ave, Oklahoma City, OK
Multi-family for Sale - $2,399,000 - 47,478 Sq. Ft. on 2.52 acres
Property Info
CIMLS# | 914377 |
Location 520 N Rockwell Ave Oklahoma City OK 73127 | |
Updated | September 11th, 2017 |
Type | Multi-family |
Price | $2,399,000 |
Building | 47,478 Sq. Ft. |
Land | 2.52 acres |
Property Description
SVN Land Run is pleased to present a 61 Unit Multifamily property in west
Oklahoma City for $2,399,000.
The Rockwell Terrace Apartments is a well-positioned 61-unit investment
opportunity in the Oklahoma City market.
The property features large floor plans with washer and dryer hook-ups in
every unit. It has a great mix of 1-bed and 2-bed apartment floorplans with
great access to major employers, shopping, and entertainment.
Rockwell Terrace is a quiet apartment community located in Oklahoma City,
the largest city in the state of Oklahoma.
Rockwell Terrace is just off Interstate 40 which gives tenants direct access to
downtown Oklahoma City as well as major employers such as Integris
Health, PayCom, Hobby Lobby, Terex and Xerox.
Location Description:
Located in West OKC just off I-40 and Rockwell Ave.
Highlights:
>> Great Investment Property
>> Strong Tenant Profile with excellent upside on rents
>> Unit Mix (21) One Bed Units and (40) Two Bed Units
>> 100% Occupancy Rate
>> Located near major employers
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Financials
Sales Info:
>> Cap rate: 9.8%
>> Commision split: 2.0%
>> NOI: $236040