Historical Multifamily Sale Listing - Copperwood Apartments

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Copperwood Apartments

5800 N.W. 34th, Oklahoma City, OK 73122

N/A

51 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
51
Building Size:
43,251 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Year Built:
1967
Listing ID
16674967
Last Updated
over 1 year ago

Highlights

  • Foreclosed, value-add property
  • Good opportunity for investor/operator; great upside potential through rehab and good management
  • Highly desired unit mix - 65% two bedroom
  • Total electric and individually metered
  • Located in close proximity to major employers, retail and restaurants
  • Priced below replacement cost

Description

Copperwood contains 51 units with an exceptional unit mix consisting of 17 one bedroom units, 33 two bedroom units and 1 three bedroom unit. This equates to 65% of the units being two bedroom with an average of 913± square feet. The units are total electric, individually metered and feature fully equipped kitchens. Each unit has an individual thermostat for heat and air conditioning.

Copperwood borders a middle class neighborhood. The area surrounding Copperwood is primarily middle income, single family residential homes with complimentary commercial businesses. Copperwood is located on Northwest 34th Street just one block east of MacArthur Boulevard. This asset is conveniently located to the north of Interstate 40 and to the south of Northwest 39th Street (Highway 66). The location of the property allows residents convenient access to major employment centers including Will Rogers World Airport, Hobby Lobby Distribution Facility and Dell. A large concentration of industrial and retail employers are located within minutes to the property. Along I-40 are numerous hotels and eating establishments creating additional employment opportunities.

Map of 5800 N.W. 34th, Oklahoma City, OK 73122 (Oklahoma County)

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