Salem West
3928 Northwest 50th Street
Oklahoma City, OK 73112-2290
Description
Newmark is pleased to present an outstanding opportunity to acquire Salem West in Oklahoma City, Oklahoma. Built in 1970, the subject property features 34 apartment and townhome units in an outstanding commuter location on Northwest 50th Street.
A gated community with mature trees and greenspaces, Salem West blends the elements of ideal location with desirable amenities including a community pool, covered parking, and onsite storage. All units offer washer/dryer connections and faux-wood flooring in kitchens, dining rooms, and bathrooms; with the larger townhome units creating an attractive option for small families with children.
COMMUNITY HIGHLIGHTS
• Excellent frontage exposure to Northwest 50th Street – over 16,000 cars per day
• Short commute times to premier retail including Penn Square Mall, Quail Springs Mall, and Chisholm Creek. Proximate to major employers including INTEGRIS Baptist Medical Center, Chesapeake Energy Corporation, and the corporate headquarters of Love’s Travel Stops; less than 10 miles from the OKC Central Business District
• Located in the Putnam City Schools district, highly ranked for college prep, diversity, and athletics: 16 to 1 student-teacher ratio
• Value-add opportunity with up to $100 demonstrated monthly market rent premiums on currently renovated units and substantial rent deltas with repositioned assets of comparable vintage
Salem West
