Here is a 160-unit workforce housing community sitting at 35% occupancy in a Northwest Oklahoma City submarket where the four nearest competitors average 92.3% occupancy and are absorbing rents north of $900 per unit. The vacancy is the story—and so is the solution. Damaged units in need of capital have caused the occupancy to remain low, not the market. Approximately 20 units are down, due to frozen pipes, fire, and general disrepair, with the remainder of vacant units in various stages from a light to moderate make-ready. The current owner simply did not fix it. That is the entire explanation for why this deal exists. Physically, the property consists of 18 brick, two-story garden-style buildings on 11.31 acres. This is the perfect product type built for the strong workforce housing demand. The bones are solid. The opportunity is clear: restore the impacted units, execute light interior renovations on the functional inventory, and lease the asset into a market that is demonstrably hungry for it. The surrounding area supports strong demand for workforce housing, driven by a large renter base and steady population growth throughout Northwest Oklahoma City. More than 208,000 residents live within a five-mile radius, providing a deep pool of potential renters for well-positioned communities. Villas at Stonelake benefits from convenient access to several of the region’s largest employment centers, including Paycom Corporate Headquarters, Love’s Corporate Headquarters, Integris Baptist Medical Center, and Tinker Air Force Base, which collectively support thousands of jobs throughout the Oklahoma City metro area. Download financials and offering materials at the following link: https://www.colliers.com/en/properties/villas-at-stonelake/usa-7404-lyrewood-ln-oklahoma-city-ok-73132-usa/usa1164925