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5909 S Lee Ave
Oklahoma City, OK 73109
Oak Creek Apartments · Multifamily Property For Sale
·
158 Units
Investment Highlights
- Exceptional large value add opportunity
- Avg. area occupancy over 90% with average market rents over $700
- $75+ dollar potential rent premiums
- Diverse employment base with strong market fundamentals
- Oklahoma City has the lowest unemployment rate in the nation of 2.6% according to the BLS Aug 2021 survey
Property Facts
| No. Units | 158 | Building Size | 126,628 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 2.37/1,000 SF |
| Lot Size | 7.67 AC | ||
| Zoning | R-4 | ||
| No. Units | 158 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.67 AC |
| Building Size | 126,628 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.37/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Heating
Site Amenities
- Laundry Facilities
- Playground
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | $595.00 | 550 |
| 1+1 | 71 | $615.00 | 750 |
| 2+1 | 4 | $650.00 | 750 |
| 2+1 | 54 | $715.00 | 950 |
| 3+1 | 1 | $750.00 | 1,168 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $782,450 | |
| Land Assessment | $183,740 | Total Assessment | $966,190 |
Property Taxes
Parcel Numbers
Land Assessment
$183,740
Improvements Assessment
$782,450
Total Assessment
$966,190
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