Listed by MMG Real Estate Advisors, MMG Real Estate, Mid-Markets Group
Unpriced
Southern Hills
Details
APN 1455-00-002-000-0-A10-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 42,024
Units 56
Cap Rate 7.00%
NOI $277,951
Occupancy 96.43%
Tenancy Multi
Class C
Year Built 1975
Year Renovated 2024
Buildings 7
Stories 2
Acreage 3.100
Parking Spaces 102 spaces
Parking Per SqFt 2.43
Investment Type Stabilized
Occupancy Date 03/30/2026
Multifamily | 7.00% CAP | 56 Units
Marketing description
MMG Real Estate Advisors is pleased to present the opportunity to acquire Southern Hills Apartments, a 56-unit multifamily community located in Sapulpa, Oklahoma, (Tulsa MSA) offered with assumable below-market Freddie Mac debt and stabilized cash flow at a 7% cap rate.
Southern Hills is 100% occupied with a healthy mix of one- and two-bedroom layouts averaging 750 square feet, and a fully funded repair escrow positioning the asset for turnkey operations under new ownership. Limited multifamily supply in Sapulpa and 4% annual rent growth across the submarket provide organic upside through lease turnover with a clear runway towards B-class rents through strategic interior upgrades.
Investment highlights
- Assumable Freddie Mac Debt at Below-Market Terms
- Sapulpa: A High-Growth Submarket Within the Tulsa MSA
- Stable Cash Flow with Immediate Returns
- Rent Leader Among C-Class Peers with Clear Upside to B-Class
- Turnkey Operations with a Clear Business Plan
Listing Contacts
Listed by MMG Real Estate Advisors, MMG Real Estate, Mid-Markets Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$277,951.00
$23,162.58/mo
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