Oakhill Townhomes
Multifamily | 70 Units | $314,286/unit
Marketing description
SVN Oak Realty Advisors is pleased to present Oakhill Townhomes, located at 7902 South 33rd
West Avenue in Tulsa, Oklahoma. This newly constructed 70-unit build-to-rent community offers a
unique investment opportunity in the West Tulsa submarket. The property features a low-density site
plan with a unit mix exclusively dedicated to large-format three-bedroom townhomes, positioned to
capture strong demand from families within the Jenks School District.
The investment assumptions are based on a purchase price of $22,000,000, equating to approximately
$314,286 per unit. The value-add strategy focuses on completing the lease-up of this brand-new asset to
capitalize on embedded rental growth without the need for immediate capital expenditures. The model
projects a first-year Net Operating Income (NOI) of $1,617,616, supporting an acquisition cap rate of
7.35% and a Year 1 cash-on-cash return of 7.49%.
Oakhill Townhomes offers a compelling opportunity for investors seeking exposure to the premium
build-to-rent sector with immediate stability and upside. The investment is projected to yield a strong 5-
year levered IRR of 23.29% and an equity multiple of 2.61x. The property’s spacious 1,800-square-foot
floorplans and strategic location near Tulsa Hills Shopping Center position this asset as a premier
housing option in the tight West Tulsa market.
$22,000,000
OFFERING PRICE
7.35%
YEAR 1 CAP RATE
70
TOTAL UNITS
$314,286
PRICE PER UNIT
7902 South 33rd West Avenue
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Investment highlights
Attractive Day-One Yield
The offering presents a compelling 7% CAP rate,
ensuring immediate cash flow from a stabilized asset
with no legacy deferred maintenance or renovation
risk. This provides a strong return from the start,
making it an appealing investment opportunity.
Strong Demand for Larger Floorplans
The three-bedroom design sets Oak Hill Townhomes
apart from traditional apartments, appealing to
families. Larger units lead to lower turnover, longer
leases, and a stable tenant base, offering resilience
during market fluctuations and reduced operational
volatility.
Lease-Up Momentum
The property is currently in lease-up, with 90%
occupancy projected by the end of Summer. As
occupancy stabilizes, investors can expect improved
operational efficiencies, expense normalization, and
NOI growth, all contributing to higher long-term
returns.
Strategic West Tulsa Site
Located near Tulsa Hills Shopping Center and zoned
for the top-rated Jenks School District, the site offers
premier access. Residents benefit from nearby retail
and Turkey Mountain, blending convenience with
nature.
New Construction Advantage
This new construction asset requires minimal nearterm
capital expenditure and offers modern building
standards with energy efficiency. The attractive
finishes and contemporary design reduce
maintenance risk, boosting cash flow stability and
tenant retention.
Lease-Up Opportunity
With a projected Year 1 NOI of $1.61M, the asset
offers value creation through lease-up. Investors can
capitalize on demand for large units to stabilize the
property, driving cash flow and a projected 23.29%
levered IRR.
7902 South 33rd West Avenue
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