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7952 E 60th Pl
Tulsa, OK 74145
Heights at 61st Street · Multifamily Property For Sale
·
593 Units
Property Facts
| No. Units | 593 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 850,570 SF |
| Property Subtype | Apartment | Average Occupancy | 0% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | F | Year Built/Renovated | 1973/2027 |
| Lot Size | 33.39 AC | Parking Ratio | 1.22/1,000 SF |
| Zoning | CH | ||
| No. Units | 593 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | F |
| Lot Size | 33.39 AC |
| Construction Status | Under Renovation |
| Building Size | 850,570 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2027 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | CH |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Views
- Walk-In Closets
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Gated
- Laundry Service
- Package Service
- Lounge
About 7952 E 60TH PL , TULSA, OK 74145
• See property's offering website for full offering memorandum and financial information. http://listings.priceedwardsproperties.com/691844-sale • Highly desired "true" value-add based on implementing professional management • Comprehensive renovation done in 2012-2013 (approximately $12.5 million) • Potential for 34% return on capital based on proposed renovation plan • Excellent unit mix with 36% townhouse style units and large, 970 square feet overall average floor plan • Expansive 360 degree views of entire city • Management deficiency - Previous ownership averaged 93% occupancy • Over 100 indoor parking spaces, including multiple large parking garages • Assumable, non-recourse Fannie Mae financing in place • 28.5% of the population within one-mile are between 25-44, the ideal age cohort for renting • No market rate deliveries in the past 12-month period, and none anticipated through 3Q 2020 • Proximate to numerous attractions - Woodland Hills Mall, Southern Hills Golf and Country Club, Oklahoma Aquarium, River Spirit Casino, County Fairgrounds, Tulsa's CBD
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 64 | - | 450 |
| 1+1 | 189 | - | 225 - 950 |
| 1+2 | 45 | - | 900 |
| 2+2 | 1 | - | 900 |
| 2+2 | 137 | - | 980 - 1,300 |
| 2+2 | 100 | - | 1,200 - 1,400 |
| 3+2 | 32 | - | 1,250 |
| 3+2 | 25 | - | 1,800 - 1,900 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $813,989 | |
| Land Assessment | $411,235 | Total Assessment | $1,225,224 |
Property Taxes
