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4747 S Darlington Ave
Tulsa, OK 74135
Midtown Reserve Apartments · Multifamily Property For Sale
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87 Units
Investment Highlights
- Current Owners have Invested $2.6MM+ in Capital Expenditures
- Double-Digit Cash-on-Cash by End of Year 1
- $63,000+ Area Median Income in a 3-Mile Radius (Yardi)
- Opportunity for $1.4MM+ in Value Enhancement
- Insurance Costs Lowered by 30% on Recent Renewal
- Offered Free and Clear of Existing Debt
Executive Summary
The Multifamily Group is pleased to present the exclusive offering of Midtown Reserve, a unique, value-add opportunity in Tulsa, Oklahoma. Constructed in 1965, the property consists of 87 units averaging 787 square feet. The property is currently 87% occupied, with strong occupancy rates in the submarket at 98%. Midtown Reserve is being offered free and clear of existing debt.
Property Facts
| Sale Type | Investment | Lot Size | 3.83 AC |
| No. Units | 87 | Building Size | 68,473 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Cross Streets | E. 46th Place |
| Sale Type | Investment |
| No. Units | 87 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.83 AC |
| Building Size | 68,473 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1965 |
| Cross Streets | E. 46th Place |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Property Manager on Site
Property Taxes
| Parcel Numbers | Improvements Assessment | $238,818 | |
| Land Assessment | $27,027 | Total Assessment | $265,845 |
Property Taxes
Parcel Numbers
Land Assessment
$27,027
Improvements Assessment
$238,818
Total Assessment
$265,845
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