2216 Marilyn Street
Property Description
THE PROPERTY – OAKRIDGE APARTMENTS Oakridge Apartments is a 30-unit, garden-style community originally constructed in 1966 and located at 2216 Marilyn Street in Weatherford, Texas. The Property consists of six buildings with private entries and a unit mix of two efficiency units averaging 480 square feet, 16 one-bedroom units averaging 630 square feet, and 12 two-bedroom units averaging 795 square feet. The Property features individual HVAC systems, surface parking, and interiors tailored to workforce housing tenants. Oakridge Apartments has been well maintained and operated as a stable, cash-flowing asset, offering investors an easily manageable community with consistent performance. Its classic vintage construction and efficient layout position the Property as a reliable, operationally efficient asset within a growing North Texas corridor. THE OPPORTUNITY Oakridge Apartments present the opportunity to acquire a stabilized, turnkey multifamily asset delivering immediate in-place cash flow. With strong underlying demand for workforce housing in secondary DFW markets, Oakridge offers a compelling combination of current yield and long-term stability. The asset is well positioned to benefit from continued population growth, limited new supply, and sustained rental demand, making it an attractive investment for buyers seeking both durability and consistent performance. THE DEBT Oakridge Apartments is offered free and clear of existing debt. Contact Ralph Rader ([email protected]) with the Greysteel Debt and Structured Finance team to discuss the most efficient financing options.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 30 |
| Year Built: | 1970 |
| Lot Size: | 1.28 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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