5800 N.W. 34th
Oklahoma City, OK 73122 ·
51 Units · Multifamily For Sale
|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|
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.
- 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
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