7902 S 33rd West Ave - Apartments FOR SALE


Tulsa, OK 74132
$22,000,000 USD
918-951-7376
7902 S 33rd West Ave, Tulsa, OK for Sale
$22,000,000 USD
Apartments - FOR SALE
1/8
null | 7.35% Cap Rate

7902 S 33rd West Ave
Tulsa, OK 74132


HIGHLIGHTS

  • Gated Community
  • Newly built townhome community

OVERVIEW

SVN Oak Realty Advisors is pleased to present Oakhill Townhomes, located at 7902 South 33rd West Avenue in Tulsa, Oklahoma. This newly constructed 70-unit build-to-rent community offers a unique investment opportunity in the West Tulsa submarket. The property features a low-density site plan with a unit mix exclusively dedicated to large-format three-bedroom townhomes, positioned to capture strong demand from families within the Jenks School District. The investment assumptions are based on a purchase price of $22,000,000, equating to approximately $314,286 per unit. The value-add strategy focuses on completing the lease-up of this brand-new asset to capitalize on embedded rental growth without the need for immediate capital expenditures. The model projects a first-year Net Operating Income (NOI) of $1,617,616, supporting an acquisition cap rate of 7.35% and a Year 1 cash-on-cash return of 7.49%. Oakhill Townhomes offers a compelling opportunity for investors seeking exposure to the premium build-to-rent sector with immediate stability and upside. The investment is projected to yield a strong 5- year levered IRR of 23.29% and an equity multiple of 2.61x. The property’s spacious 1,800-square-foot floorplans and strategic location near Tulsa Hills Shopping Center position this asset as a premier housing option in the tight West Tulsa market. $22,000,000 OFFERING PRICE 7.35% YEAR 1 CAP RATE 70 TOTAL UNITS $314,286 PRICE PER UNIT 7902 South 33rd West Avenue 5

FOR SALE DETAILS

PRICE

$22,000,000 USD

PRICE/SF

$175 USD /SF

# OF UNITS

70

PRICE/UNIT

$314,286

CAP RATE

7.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

5

LAND DETAILS

LAND ACRES

9.74 AC

LAND SF

424,148 SF

ZONING

PUD

APN/PARCEL ID

3250-00-006-000-0-020-00,3250-00-006-000-0-030-00

ASK ABOUT THIS PROPERTY

Bill BuchananSVN | Oak Realty AdvisorsMore Info
918-951-7376

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Bill BuchananSVN | Oak Realty AdvisorsMore Info
918-951-7376

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