SVN OAK Realty Advisers is pleased to offer Old South Apartments. This 58 unit apartment community has undergone significant capital improvements over the past two years allowing an investor to take advantage of the stable occupancy and improving market performance in the area. The property is well located and has an assumable Freddie Mac Non Recourse Loan at a low interest rate fixed for an additional eight years.

Location Description:

Located in Tulsa OK which is the second largest city in Oklahoma. Old South is centrally located just South of I-44 and East of Yale. The property is less than one mile from the Lafortune Park which has two 18 hole public golf courses 34 public tennis courts eight baseball diamonds and miles of biking and jogging trails. It's also less than 1/2 mile from the New main YMCA which has undergone a significant renovation which is in excess of $14.0MM with an indoor and outdoor swimming pools, 20 basketball courts, 12 raquetball courts and four fitness rooms which is also open to the public.

The property is close to shopping centers, malls and grocery stores and is about a mile from Tulsa's Oklahoma University Campus which has multiple four year degrees offered for it's students. Downtown Tulsa is five miles and Tulsa International Airport is a 10 minute drive in I-44 to US 169.

Overall Old South is very well located.

Highlights:

>> Excellent Investment Property

>> Well Located

>> Significant Capital Improvements

>> Strong Occupancy

>> Great Upside Potential with Unit Improvements

>> Can Place New Debt

>> Next to YMCA with 22 Million Renovation

>> Desirable Midtown Locatoin

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