7404 Lyrewood Ln, Oklahoma City, OK 73132

1. Significant Repositioning & Stabilization Opportunity

Villas at Stonelake presents a substantial opportunity to reposition a 160 unit multifamily community through targeted renovations, capital repairs, and operational stabilization. The property experienced a fire that impacted approximately 23 units and resulted in the removal of roughly 35 electrical meters. While some meters were removed due to fire related damage, additional units were taken offline due to deferred maintenance, including roof leaks and other capital needs. As a result, a significant portion of the property is currently not operational.

This disruption creates a clear path to value creation. By restoring impacted units, addressing deferred maintenance, and implementing interior renovations and exterior improvements, a new owner can return units to service and significantly increase occupancy. Once stabilized, the property has the potential to operate as a fully functional 160 unit community, providing meaningful upside through improved occupancy, enhanced unit quality, and stronger operational performance.

2. Significant Demand for Workforce Housing

The surrounding trade area demonstrates strong demand for attainable rental housing, supported by a large and growing population base. More than 80,000 residents live within a three mile radius of the property, while over 208,000 residents live within five miles, creating a deep and stable renter pool.

Local household income levels further reinforce the need for workforce housing. Within the immediate area, a substantial portion of households earn between $50,000 - $75,000 annually, a demographic that traditionally relies on affordable rental housing options.

These population and income dynamics highlight the ongoing demand for well positioned workforce housing communities that provide attainable rental options for the area’s growing workforce.

3. Prime Location Within a Strong Northwest OKC Submarket

Villas at Stonelake is strategically located in the highly desirable Northwest Oklahoma City submarket, one of the city’s most established residential corridors with convenient access to major employment centers, retail destinations, and recreational amenities.

The property benefits from proximity to several of the region’s largest employers, including Paycom Corporate Headquarters, Love’s Corporate Headquarters, Integris Baptist Medical Center, and Tinker Air Force Base, which collectively support thousands of jobs throughout the Oklahoma City metropolitan area. These employment centers provide a stable tenant base and consistent demand for rental housing in the surrounding area.

Residents also enjoy convenient access to a wide variety of retail and dining options at nearby destinations including Penn Square Mall, Rockwell Plaza, and the Lake Hefner retail corridor, which feature national retailers, restaurants, and everyday conveniences.

In addition, the property is located near Lake Hefner and the Oklahoma City Trail System, providing access to outdoor recreation including miles of biking and walking trails, waterfront restaurants, and one of the region’s most popular outdoor lifestyle destinations.

Combined with strong regional employment drivers and nearby lifestyle amenities, Villas at Stonelake is well positioned within a stable and highly accessible submarket of Oklahoma City.