1246 S Memorial Dr, Tulsa, OK 74112

SVN Oak Realty Advisors is pleased to present Avalon Court, located at 1246 South Memorial Drive in

Tulsa, Oklahoma. This 92-unit multifamily community offers a compelling value-add investment opportunity. The

property features a desirable mix of one and two-bedroom units, including spacious townhomes, with significant

upside potential through the lease-up of current vacancy and strategic operational enhancements.

The investment assumptions are based on a markets value. The model projects a first-year Net Operating Income

(NOI) of $532,294. The property’s Effective Gross Income (EGI) is projected to grow from $994,912 in Year 1 to

$1,074,693 by Year 3, reflecting an annual EGI increase of 5.22% in the first year, tapering to 2.32% by Year 3.

Operating expenses are expected to remain steady, totaling approximately 46% of EGI by Year 3.

Avalon Court offers a highly attractive opportunity for investors looking for significant value creation through

occupancy stabilization and management efficiencies. The investment is further enhanced by the property's

superior physical density, offering units that are 31.7% larger than the competitive set average. Located near the

American Airlines Maintenance Base and the revitalizing Route 66 corridor, this asset is positioned as a strong

performer in the East Tulsa multifamily market.