5901 S MAY AVE Oklahoma City OK 73119-5677

Capstone Apartments Partners is pleased to present the Almonte Apartments: a 288-unit, garden-style apartment community located in Oklahoma City, OK. Almonte Apartments offers an extremely well-maintained asset that benefits from significant recent capital expenditures, and an affordable land use agreement put in place by the RTC in 1992 with a term of 40 years. Current long-term ownership has made a consistent effort to minimize deferred maintenance, thereby resulting in current occupancy above 90%. With current ownership having completed most of the heavy lifting, the property is primed for a light value-add program to further NOI growth. The property is also strategically located within Oklahoma City, which has an abundance of employment opportunities and unmatched connectivity to various interstate highways like I-44, I-240, and I-35. Almonte is well positioned for the future with multiple developments underway in the immediate submarket and more having been recently announced.

Download Offering Materials: https://listings.capstone-companies.com/offering-info/1153/1/

• Income Growth Opportunity

• Light Value-Add

• Well Maintained Asset with Minimal Deferred Maintenance

• Long-Term Ownership for 17 Years

• Strategic Location Near Employment and Development