Park MacArthur
Multifamily | 136 Units
Marketing description
INFRASTRUCTURE IMPROVEMENTS - Warr Acres developed a 5-phase plan to improve infrastructure, create a business-friendly atmosphere, and revitalize the town center, which includes beautification projects and zoning changes to allow for commercial retail growth. This effort has drawn new businesses into the area such as Natural Grocers which opened a store in Warr Acres in May of 2024.
APARTMENT FUNDAMENTALS - The Oklahoma City West ranked 4th out of the 23 submarkets with 5.7% year over year rent growth outpacing Oklahoma City as a whole according to Yardi’s March 2025 report. 1 bedrooms led that growth increasing 8.8% year over year. Submarket occupancies have remained consistently in the low 90’s. Average submarket rental rates increased to $878 according to Costar with the average comparable set at $1,099
VALUE ADD OPPORTUNITY - The majority of apartment communities in the immediate area were built in the 60’s and 70’s. With the lack of new supply coupled with increasing demand for quality interior finishes, Park MacArthur presents a remarkable opportunity to implement a property wide enhancement strategy.
Investment highlights
90% occupancy
In place rents of $732 & recent leases at $780
Strong submarket and located in top public school system in OKC Putnam City
100% classic units
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