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Silverwood Apartments 2507 S 87th Ave E 40 Unit Apartment Building $2,775,000 ($69,375/Unit) 8.11% Cap Rate Tulsa, OK 74129
INVESTMENT HIGHLIGHTS
- Favorable Assumable Loan
- Strong Occupancy
- Upside Potential
- Excellent Location
- Well Maintained
EXECUTIVE SUMMARY
Assumable Loan
Significant Upside
100% Occupancy
Well Maintained
Significant Upside
100% Occupancy
Well Maintained
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,775,000 | Building Class | C |
| Price Per Unit | $69,375 | Lot Size | 0.95 AC |
| Sale Type | Investment | Building Size | 29,064 SF |
| Cap Rate | 8.11% | Average Occupancy | 94% |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2021 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RM2 - RM-2 zoning is a low-rise residential district that allows for multiple family dwellings, including townhouses, apartments, duplexes, and multi-plexes | ||
| Price | $2,775,000 |
| Price Per Unit | $69,375 |
| Sale Type | Investment |
| Cap Rate | 8.11% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 29,064 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2021 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RM2 - RM-2 zoning is a low-rise residential district that allows for multiple family dwellings, including townhouses, apartments, duplexes, and multi-plexes |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | $770.00 | 647 - 697 |
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PROPERTY TAXES
| Parcel Number | 19850-93-13-04310 | Total Assessment | $236,071 (2024) |
| Land Assessment | $13,662 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $222,409 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
19850-93-13-04310
Land Assessment
$13,662 (2024)
Improvements Assessment
$222,409 (2024)
Total Assessment
$236,071 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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Silverwood Apartments | 2507 S 87th Ave E
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