1212 NW 26th St

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Address: 1212 NW 26th St, Oklahoma City, OK 73106, USA

Texas + Apartment Buildings

Created date: June 14, 2024

Date last updated: August 14, 2024

Four Properties
53 Units
Downtown OKC
$300-$500 Delta between subject and Renovated Comps
Strong Submarket Fundamentals:
3.1% Trailing 12 Month Rent Growth
5.1% Projected 12 Month Rent Growth
4.2% Net Absorbtion
Mid-90's Occupancy Average for Submarket Comps
Pro Forma Stabilized Non-Renovated Cap Rate: 6.98%
Pro Forma Stabilized Renovated Cap Rate: 9.14%

Property Description

Legacy CP Advisors is pleased to offer the Downtown OKC 53 Portfolio. 53 Units across four properties located in some of the premier districts in Downtown Oklahoma City. This Value-Add portfolio provides significant upside through renovations and operations with renovated comps boasting a rent delta upwards of $500/unit and consistent mid-90's occupancy. The Downtown OKC submarket is one of the strongest in the entire metro with 3.1% trailing rent growth, 5.1% projected and 4.2% Net Absorption with comparable properties. Pro Forma Stabilized Non-Renovated Cap Rate: 6.98% Pro Forma Stabilized Renovated Cap Rate: 9.14%

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,000,000
No. of Units:	53
Year Built:	1974
Opportunity Zone:	No
Price per unit:	$75,472
Property Website	Click Here