Almonte Apartments

Almonte Apartments

Oklahoma city, OK
Available
  • Property Type: Apartments
  • Year Built : 1983
  • Property Size: / 288 Units

Overview

Capstone Apartments Partners is pleased to present the Almonte Apartments: a 288-unit, garden-style apartment community located in Oklahoma City, OK. Almonte Apartments offers an extremely well-maintained asset that benefits from significant recent capital expenditures, and an affordable land use agreement put in place by the RTC in 1992 with a term of 40 years. Current long-term ownership has made a consistent effort to minimize deferred maintenance, thereby resulting in current occupancy above 90%. With current ownership having completed most of the heavy lifting, the property is primed for a light value-add program to further NOI growth. The property is also strategically located within Oklahoma City, which has an abundance of employment opportunities and unmatched connectivity to various interstate highways like I-44, I-240, and I-35. Almonte is well positioned for the future with multiple developments underway in the immediate submarket and more having been recently announced. 

Investment Highlights

  • Income Growth Opportunity
  • Light Value-Add
  • Well Maintained Asset with Minimal Deferred Maintenance
  • Long-Term Ownership for 17 Years
  • Strategic Location Near Employment and Development

Contact Information

William Forrest Managing Director P: 405.210.3298
O: 800.746.3175 ext. 746
wforrest@capstone-companies.com
David Dirkschneider Managing Director P: 405.514.0340
O: 800.746.3175 ext. 744
davidd@capstone-companies.com
Mike Marrara Director P: 918.230.3875
O: 800.746.3175 ext. 745
mmarrara@capstone-companies.com
Chris O'Hare Investment Sales Advisor P: 918.812.9681
O: 800.746.3175 ext. 713
cohare@capstone-companies.com
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