The Heights Apartments

3720 N Pennsylvania Ave North Pennsylvania Avenue Oklahoma City 73112

Oklahoma City
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$5,200,000
Cap Rate:
5.50%
Last Verified:
Feb 07, 2024

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THE HEIGHTS OKC APARTMENTS , a prime investment opportunity located at 3720 N Pennsylvania Ave, Oklahoma City, OK 73112. With 36 units spread across a spacious 34,319 square feet, this property offers a lucrative chance to enter the thriving Oklahoma City market. Situated in a highly desirable location, Heights Apartments OKC provides residents with easy access to a range of amenities and attractions. The property features a mix of one and two-bedroom units, each boasting extensive modern amenities that ensure tenants' comfort and satisfaction. The surrounding demographics make this investment even more appealing. With a projected population of over 208,000 within a five-mile radius, there is a strong potential for a high occupancy rate. In terms of financials, the property presents an attractive proposition. Priced at $5,200,000, this acquisition offers a price per unit of $144,444 and a cap rate of 5.56%. With a projected NOI of $288,973 investors can expect a solid return on their investment. Don't miss out on this exceptional investment opportunity. Contact Paola Andeola at (405) 907-6085 for more information.

Map of 3720 N Pennsylvania Ave North Pennsylvania Avenue , Oklahoma City, 73112

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.