101322 . 44 Home BFR Portfolio Mustang (OKC Metro), OK

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Address: 101322 . 44 Home BFR Portfolio Mustang (OKC Metro), OK, Mustang(OKC Metro), OK, Oklahoma, US
Created date: February 12, 2024
Date last updated: February 12, 2024
  • Forty-four (44) newly constructed Build For Rent duplex homes
  • Twenty-two single-story duplex buildings featuring high-quality durable finishes
  • All homes consist of 3 bedrooms and 2 bathrooms with two-car attached garages
  • Each home boasts an open floorplan spanning 1250 square feet
  • With a month supply of homes less than 2%, strong lease-up velocity is assured
  • Median household income in the greater OKC market is experiencing 3.3% year-over-year growth
  • Net migration remains robust, with a projected population growth of 4.5% through 2026
  • All SVN® Offices Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Property Description

Contact: TOM JOHNSTON Managing Director | Designated Broker SVN | SFRhub Marketplace T: 602.441.5354 C: 602.403.3695 [email protected] License #: BR507919000 BOR: SNV | Oak Realty Advisors Bill Buchanan Designated Broker Visit www.SFRhub.com and search for portfolio 101322 for more information. The Mustang Marketplace, a 44-home Build-forRent investment portfolio, presents a compelling opportunity for investors in the thriving Oklahoma City metropolitan area. Situated in the City of Mustang, just 16 miles from downtown OKC, this development comprises twenty-two singlestory duplex buildings, totaling forty-four threebedroom, two-bathroom homes with attached two-car garages. Each residence, spanning a generous 1250 square feet, is meticulously designed to prioritize resident comfort and satisfaction. Backed by an experienced single-family operator with over two decades of expertise in the Oklahoma City real estate market, this project promises quality locations and superior returns. Investors can secure their stake through a Purchase & Sale Agreement, capitalizing on the region’s strong market dynamics and stable growth trajectory. With construction set to commence in Q2 of 2023 and the first homes slated for delivery in Q1 2024, the timing aligns perfectly with Oklahoma City’s position as a top secondary market for institutional and single-family investors nationwide. John Burns Real Estate Consulting ranks OKC among the top 20 non-core markets in the country, highlighting its resilient economy, steady employment growth, and attractive home value appreciation. Currently experiencing 3.6% yearover-year home value growth and 3.5% rent growth, the city offers a lucrative investment landscape. Projections indicate continued rent growth of 3.5% through December 2024, with home values expected to rise by 12% through December 2026. Limited housing supply, coupled with robust demand, ensures strong lease-up rates for the Mustang Marketplace. Median household income is on the rise, further bolstering rental demand, with rental rates forecasted to increase by 11.7% through 2026. With steady population and employment growth anticipated, Oklahoma City remains a beacon of stability and opportunity for discerning investors seeking long-term returns.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Apartments
Price: $9,900,000
No. of Units: 44
Year Built: 2024
Lot Size: 8.08 Sq ft
Opportunity Zone: No
Price per unit: $225,000
Property Website Click Here
Address: Mustang, OK 73064, USA
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