One Five Apartments

One Five Apartments

Tulsa, OK
Available
  • Property Type: Apartments
  • Year Built : 1962
  • Property Size: 65,300 SF / 91 Units

Overview

Capstone Apartment Partners is pleased to present One Five Apartments. One Five Apartments is comprised of 91 units and represents a perfect opportunity to acquire a well-located asset positioned to benefit from the completion of the existing value-add program. Surrounded by residential neighborhoods and conveniently located fronting E 15th Street, residents of One Five Apartments can easily access downtown Tulsa and the most significant employers within the Tulsa MSA. The lack of competing multi-family properties coupled with strong demographics and solid multi-family fundamentals provides a perfect canvas for new ownership to build on. With over $1 million in CapEx invested in the property, new ownership can focus on building out the current value-add program and implementing new initiatives to drive revenue growth.

Investment Highlights

  • Ideal Value-Add Opportunity
  • Opportunity to Recapture Water, Sewer, and Electricity Expenses 
  • Stable Submarket with Limited Immediate Competition & No New Deliveries
  • Solid Midtown Tulsa Submarket Demographics

Contact Information

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