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Riviera Park Apartments 
5105 N Hales Drive
Oklahoma City, Oklahoma 73112
County: Oklahoma
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| Type: | Multifamily
Garden/Low-Rise |
| No. Units: | 80 |
| Building Size: | 76,780 SF |
| Lot Size: | 3.05 Acres |
| Occupancy: | 85.00% |
| Price: | N/A |
| Price/Unit: | N/A |
| GRM: | 6.00 |
| Date Last Verified: | 12/1/2008 |
| Property ID: | 15664890 |
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Property Description:
Construction: Wood Frame with Brick and Stone Veneer.
Utilities: Individually metered electric, owner pays water/sewer/trash.
Amenities: Each unit consists of kitchens with ovens, dishwasher, disposal and refrigerator. The property has two swimming pools and three laundry units.
Riviera Park is an excellent candidate for repositioning in the marketplace to improve rents and income. With proper management and minor improvements to the property Riviera Park offers significant upside and potential for tremendous return on investment.
Location Description:
Located in one of the best rental areas in the city. Riviera Park sits near high quality residential, commercial and retail developments. Located within several blocks of most services including churches, shopping, banks and Baptist Hospital.
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Financial Summary
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Proforma
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| Scheduled Gross Income: | $460,032 |
| Operating Expenses: | $221,602 |
| Net Operating Income: | $238,430 |
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| 38 1 bed, 1 bath, |
No. Units: 38
SF: 780
Avg. Mo. Rent: $419
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| 2 bed, 1.5 bath, |
No. Units: 8
SF: 1,100
Avg. Mo. Rent: $499
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| 2 bed, 1 bath, |
No. Units: 2
SF: 800
Avg. Mo. Rent: $439
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| 2 bed, 2 bath, |
No. Units: 26
SF: 1,180
Avg. Mo. Rent: $519
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| 3 bed, 2 bath, |
No. Units: 6
SF: 1,375
Avg. Mo. Rent: $675
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| Debt & Equity Information |
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No Debt & Equity Information Provided
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