The Heights Apartments
3720 N Pennsylvania Ave North Pennsylvania Avenue
Oklahoma City 73112
FOR SALE
Property Type:
MultiFamily ApartmentsAmount:
$5,200,000
Cap Rate:
5.50%Last Verified:
Feb 07, 2024Daily Email Blast
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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.