11401 Springhollow Rd, Oklahoma City, OK 73120

These rented 32 condominiums are in good shape with a pro-active HOA that does a good job maintaining the properties as needed. The Condominiums are fairly insulated by the Quail Creek addition with everything from retail, restaurant, grocery and all other community driven businesses being only 5-10 minutes form the condominiums for sale. The properties are located just off of the Hefner Parkway and 122nd street (“very easy to access from Lake Hefner parkway”) The tenants are all good paying tenants ,with rents ranging from $1,100 to $1,200 per month as most all the units are in good condition. There is good upside for the new ownership to take advantage of as 18 of the 32 units are up for lease renewal that property manager has established all 18 are willing to stay and would like to stay and are according to owner willing to pay an additional $125 to $150 per month. The current owner is begging the lease renewals on May 1st or is willing to allow the new owner the right to re-up leases if under contract to purchase all 32 condominiums. The rents are in my brokers opinion under market by an estimated $175.00 per unit on average.