Casa Linda Apartments Availabe | Tulsa, OK

Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Casa Linda Apartments located in Tulsa, Oklahoma. The property is located at 1341 East 62nd Street South. The buyer is a local real estate investor and the seller is an of out-of-state real estate investor. The sale price was $1,400,000 or $24,561 per unit. The property was constructed in 1973 and consists of 3 buildings with a total of 57 units. The unit mix consists of a studio unit and both one and two bedroom units. The property was significantly upgraded including updated interiors and exterior paint. The property had been stabilized and the occupancy was strong at the time of sale, with only one unit vacant. The seller was represented by the multifamily team of Mike Marrara and Melanie Richardson of First Commercial Real Estate Services Corporation. The buyer was represented by Maria Aleman of TuCasa Realty. Mike and Melanie noted that there was strong interest in the property. There is a high demand for stabilized, cash flowing assets in the Tulsa market. The marketing on Casa Linda resulted in multiple offers. Lea Ann Hanseth and Pam Bewley with Commercial Title and Escrow Services handled the closing.

Date: Dec 22, 2014