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407 Galaxy Road - Southern Hills 56 Unit Apartment Building Offered at a 7% Cap Rate Sapulpa, OK 74066
Investment Highlights
- Assumable Freddie Mac Debt at Below-Market Terms
- Stable Cash Flow with Immediate Returns
- Turnkey Operations with a Clear Business Plan
- Sapulpa: A High-Growth Submarket Within the Tulsa MSA
- Rent Leader Among C-Class Peers with Clear Upside to B-Class
Executive Summary
MMG Real Estate Advisors is pleased to present the opportunity to acquire Southern Hills Apartments, a 56-unit multifamily community located in Sapulpa, Oklahoma, (Tulsa MSA) offered with assumable below-market Freddie Mac debt and stabilized cash flow at a 7.00% cap rate.
Southern Hills is 100% occupied with a healthy mix of one- and two-bedroom layouts averaging 750 square feet, and a fully funded repair escrow positioning the asset for turnkey operations under new ownership. Limited multifamily supply in Sapulpa and 4% annual rent growth across the submarket provide organic upside through lease turnover with a clear runway towards B-class rents through strategic interior upgrades.
Southern Hills is 100% occupied with a healthy mix of one- and two-bedroom layouts averaging 750 square feet, and a fully funded repair escrow positioning the asset for turnkey operations under new ownership. Limited multifamily supply in Sapulpa and 4% annual rent growth across the submarket provide organic upside through lease turnover with a clear runway towards B-class rents through strategic interior upgrades.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $771.00 | 634 |
| 2+2 | 40 | $917.00 | 797 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1455-00-002-000-0-A10-00 | Improvements Assessment | $448,002 (2025) |
| Land Assessment | $13,998 (2025) | Total Assessment | $462,000 (2025) |
Property Taxes
Parcel Number
1455-00-002-000-0-A10-00
Land Assessment
$13,998 (2025)
Improvements Assessment
$448,002 (2025)
Total Assessment
$462,000 (2025)
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407 Galaxy Road - Southern Hills
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