4020 N Meridian Ave
Oklahoma City, OK 73112
Yorktown Apartment Homes · Multifamily Property For Sale · 92 Units

**Offers Due March 16, 2018 - Full offering materials and financial reports available on the offering website inside the document vault.** Well located at the intersection of State Highway 66 and North Meridian Ave, Mount Vernon Apartments offers its residents central access to the entire Oklahoma City Metro Area. Residents enjoy an abundance of shopping, medical, higher education and activities in the area. Built in 1968, Mount Vernon has been very well maintained and the current ownership has invested a significant amount of capital in general upgrades and maintenance. Mount Vernon is a unique opportunity to acquire a desirable property in an excellent location. The property has 92 units with a mix of four studios, forty 1 bedrooms and forty-eight 2 bedroom units. Northwest Oklahoma City has continually been one of the top performing sub-markets in Oklahoma City’s history. Oklahoma City has gained the national spotlight for its economic success as the rest of the nation experienced troubles during the recession. Being dubbed as “The Most Recession Proof City” by Forbes Magazine, one large key to Oklahoma City’s success is the government leadership and their willingness to form public-private partnerships that moved the city forward. Oklahoma City has one of the lowest costs of doing business in the Nation and a diverse economy that isn’t just based on energy fluctuations. City leaders realized the importance of diversification and now Oklahoma City has expanded into aviation & aerospace, bio-medical, wholesale & retail trade and manufacturing. Large companies realize the potential and have announced Oklahoma City as their choice for expansion moving forward, such as General Electric’s new state of the art research facility scheduled to open in 2016 and Boeing’s decision to consolidate multiple operations into Oklahoma City.