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301 Hal Muldrow Dr
Norman, OK 73069
Rock Canyon Apartments · Multifamily Property For Sale
·
100 Units
PROPERTY FACTS
| No. Units | 100 | Building Size | 105,221 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2015 |
| Building Class | B | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 4.45 AC | ||
| Zoning | ZN RM | ||
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.45 AC |
| Building Size | 105,221 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2015 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | ZN RM |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Ice Maker
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
SITE AMENITIES
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Pet Play Area
ABOUT 301 HAL MULDROW DR , NORMAN, OK 73069
The Multifamily Group is excited to present the Camden Oaks Apartments - a value add opportunity in Norman, Oklahoma. Constructed in 1972, Camden Oaks consists of 100 units with generous floorplans that average 973 square feet. Amenities include a swimming pool, playground and picnic area. Over the last 2 years, ownership has spent approximately $350,000 improving the property's exterior, parking lot, retaining walls and interior capital needs. The property had a full roof replacement in 2015. An opportunity exists for a new owner to increase rents with interior renovations. Comparable properties nearby are achieving substantially higher rents with black/stainless kitchen appliances, updated cabinet fronts, new faucets and backsplashes. Renovated units nearby average $0.85 per square foot. Camden Oaks average effective rent is $0.64 per square foot. The weighted variance is $.21 per square foot. See pages 22-25 for more detail.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 715 |
| 1+2 | 12 | - | 900 |
| 2+2 | 44 | - | 1,000 - 1,200 |
| 3+2 | 12 | - | 1,200 - 1,500 |
PROPERTY TAXES
| Parcel Number | R0041153 | Improvements Assessment | $529,102 |
| Land Assessment | $42,434 | Total Assessment | $571,536 |
PROPERTY TAXES
