1012 Chartrand Ave
Edmond, OK 73034
The Residences at Edmond Park · Multifamily Property For Sale · 32 Units

Chowning Heights is a 32 unit garden apartment community located in the highly desirable Edmond submarket to Oklahoma City. The property is centrally located in Edmond and within walking distance to the University of Central Oklahoma (UCO). The apartment units are spread amongst three buildings with a unit mix of studios, one bedrooms and two bedrooms. While the property was originally built in 1968, it underwent an in depth renovation in 2000 that included all new plumbing, gas lines, electric, central hvac, etc.. Since then, the property has been updated on a smaller scale with items such as a new roof in 2009, irrigation for landscaping as well as many of the interior units being remodeled including with items such as new paint, vinyl plank flooring and newer appliances The property is currently 100% occupied thus allowing a new investor the opportunity to step into a stable operating investment with additional upside through merely increasing rental rates. The property also has an additional 1500 sf (MOL) under the north building that is currently setup as self storage units for tenants but is not being utilized by the current owner. A new owner could easily take advantage of the additional income opportunity through leasing storage to existing customers or potentially converting the space to additional apartment units. Chowning Heights Apartments are conveniently located in Edmond, Oklahoma, an affluent suburb of Oklahoma City. Situated just 15 minutes north of Oklahoma City, Edmond is easily boasted as one of the most desirable places to live in the state of Oklahoma. Edmond has racked up a multitude of accolades over recent years, below are just a few: 1. Most educated city in Oklahoma - Insurify 2, 2018 best places to live - Money Magazine 3. Most successful city in OKlahoma - Zippia 4. Top 10 places in the US where young people are happy, rents are affordable & jobs are plentiful - Business Insider 5. Best cities for a worktirement - SmartAsset 6. 30 safest college towns in America 7. One of America's 50 best cities to live - 24/7 Wall Street 8. Best cities to raise kids - National Council for Home Safety and Security 9. Best cities for new grads - The Degree360 10. Most artistic towns in America - Expedia In addition to the above, Edmond is home to two great Universities: (1) The University of Central Oklahoma (UCO), founded in 1890, boasts an annual enrollment of nearly 16,000 students spread across 161 undergraduate areas of study and 76 graduate majors. (2) Oklahoma Christian University (OCU) is a private 4 yr comprehensive University offering undergraduate programs in more than 80 fields of study.