This property is Off-Market

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

51 Units · Multifamily For Sale

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Copperwood Apartments

Price N/A Property Sub-type Garden/Low-Rise
No. Units 51 Property Use Type Investment
Building Size 43,251 SF Distressed Yes
Property Type Multifamily Year Built 1967
Listing ID: 16674967 Date Created: 05/06/2010 Last Updated: 07/20/2010

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.

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

Research

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

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