1920 S Cheyenne Ave - Apartments FOR SALE


Tulsa, OK 74119- Buena Vista Park
$4,500,000 USD
918-510-3937
1920 S Cheyenne Ave, Tulsa, OK for Sale
$4,500,000 USD
Apartments - FOR SALE
1/14
null | 5.89% Cap Rate

1920 S Cheyenne Ave
Tulsa, OK 74119
Buena Vista Park


HIGHLIGHTS

  • Current loan bal of $1.9m is assumable. 3 1/2 years remaining at 4.13% with a monthly payment of $10,847 inclusive of escrow for property taxes.
  • Best location in Tulsa Oklahoma
  • Largest tract of land with the most frontage on Riverside Drive and the Arkansas River which could be redeveloped.
  • High growth area in the last 5 years.

OVERVIEW

Prime location 1.3 acres, NE corner of 21st and Riverside with 322' of Riverside Dr. frontage. Appx. 300' back (East) frontage on Cheyenne Ave., and sides (South) W. 21st. Happening area of midtown Tulsa across the street from Daigoro restaurant and river/ trails, around the corner from the Brut Hotel, down the street from popular restaurants and bars, 3 blocks from the nationally recognized Gathering Place Park, and 3 blocks from downtown Tulsa. Conceptional drawing of a 100 unit hotel and parking garage which could be built on the property is attached. The apartments are beautifully renovated 2 bedrooms with refinished oak floors, 11 windows, 5 closets, washer/dryer, crown, covered parking, and quartz kitchen. The complex is 100% occupied. Broker / owner.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

29

PRICE/UNIT

$155,172

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside 21 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

RM2

APN/PARCEL ID

00525-92-12-00040

ASK ABOUT THIS PROPERTY

Vicki HeitgrassWaterfront RealtyMore Info
918-510-3937

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Vicki HeitgrassWaterfront RealtyMore Info
918-510-3937

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.