806-433-5563
7550 NW 10th St, Oklahoma City, OK for Sale
Apartments - FOR SALE
1/65
null | Request Cap Rate

7550 NW 10th St
Oklahoma City, OK 73127
Greenvale


HIGHLIGHTS

  • Majority 2-BD Units
  • Over $1.9MM Invested in Capital Expenditures
  • $1.1MM in Value-Add Opportunities
  • Approximately 80% of the Units have been Renovated with $100+/Month Proven Premiums
  • High Visibility On NW 10th (13,000+ VPD) - Yardi
  • $58,000+ Median HH Income - 5-Mile Radius - Yardi

OVERVIEW

Summary: The Multifamily Group is pleased to present Heritage Ridge, a 112-unit apartment community located in Oklahoma City, Oklahoma. With current occupancy at approximately 93%, Heritage Ridge represents a stabilized, well-maintained investment opportunity featuring significant completed capital improvements and strong upside potential. Originally constructed in 1972, the property has benefited from more than $1.9 million in capital expenditures, including: ? Extensive unit renovations (~80% completed) ? Full Siding Replacement ? Exterior painting ? Parking lot improvements ? Roof replacements ? Adding a Gazebo and Dog Park ? Office upgrades ? 36-Camera Security System Value-Add: While ownership has completed substantial renovations throughout the community, several opportunities remain for a new owner to continue enhancing revenue and property performance: » Renovate remaining units » Implement RUBS for water » Increase ancillary income through pet fees, pet rent, and administrative fees » Renovate the laundry room Location: Heritage Ridge is located in northwest Oklahoma City with convenient access to I-40, I-44, and downtown Oklahoma City. The property is near major employers including Tinker Air Force Base, Amazon, INTEGRIS Health, and Will Rogers International Airport. Strong area demographics, a $58,000+ median household income, and proximity to employment centers support continued demand for workforce housing.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

112

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Ridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.98 AC

LAND SF

173,273 SF

ZONING

R-4

APN/PARCEL ID

143631005

ASK ABOUT THIS PROPERTY

Guillermo GamerosThe Multifamily GroupMore Info
806-433-5563

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

Guillermo GamerosThe Multifamily GroupMore Info
806-433-5563

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