405-443-7664
407 Galaxy Road, Sapulpa, OK for Sale
Apartments - FOR SALE
1/21
null | 7% Cap Rate

407 Galaxy Road
Sapulpa, OK 74066


HIGHLIGHTS

  • Assumable Freddie Mac Debt at Below-Market Terms
  • Sapulpa: A High-Growth Submarket Within the Tulsa MSA
  • Stable Cash Flow with Immediate Returns
  • Rent Leader Among C-Class Peers with Clear Upside to B-Class
  • Turnkey Operations with a Clear Business Plan

OVERVIEW

MMG Real Estate Advisors is pleased to present the opportunity to acquire Southern Hills Apartments, a 56-unit multifamily community located in Sapulpa, Oklahoma, (Tulsa MSA) offered with assumable below-market Freddie Mac debt and stabilized cash flow at a 7.00% cap rate. Southern Hills is 100% occupied with a healthy mix of one- and two-bedroom layouts averaging 750 square feet, and a fully funded repair escrow positioning the asset for turnkey operations under new ownership. Limited multifamily supply in Sapulpa and 4% annual rent growth across the submarket provide organic upside through lease turnover with a clear runway towards B-class rents through strategic interior upgrades.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

56

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Hills

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

102

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

-

APN/PARCEL ID

1455-00-002-000-0-A10-00

ASK ABOUT THIS PROPERTY

405-443-7664

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405-443-7664

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