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11697 E 83rd St N
Owasso, OK 74055
Rolling Hills at Elm Creek · Multifamily Property For Sale · 96 Units
Investment Highlights
- The Owasso submarket ranked 8th for highest apartment occupancy out of the 20 submarkets in the greater Tulsa area with average occupancies nearly 95%
- Year of year rental rates in the Owasso submarket increased over 3% on average with three bedrooms having the largest growth of 7.4%
- The average rental rate in the submarket is north of $850 dollars which is $50 dollars more than the average asking rent at Rolling Hills leaving plen
- Average household income in a 1mi radius is nearly $60,000 and over $70,000 in a 3 mi radius
PROPERTY FACTS
| No. Units | 96 | Building Size | 96,712 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1996/2019 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 7.07 AC |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.07 AC |
| Building Size | 96,712 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2019 |
| Parking Ratio | 1.55/1,000 SF |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Ceiling Fans
- Refrigerator
- Oven
- Walk-In Closets
- Carpet
- Patio
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Maintenance on site
About 11697 E 83rd St N , Owasso, OK 74055
The community is especially well located, just off Highway 169 in Owasso, which is a thriving submarket of Tulsa,Oklahoma The majority of the jobs in the submarket come from manufacturing, distribution, retail trade and services sectors The largest employers that effect the Owasso submarket include the American Airlines Maintenance and Engineering Facility (7,000+ employees), Macy’s Distribution (3,500 employees), Whirlpool (1,600 employees), Nordam (1,400 employees), and the eagerly anticipated one million square-foot Amazon Distribution Facility (opens in Q2 2020 with 1,500 employees)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 48 | $762.50 | 850 |
| 3+2 | 48 | $862.50 | 1,006 |
PROPERTY TAXES
| Parcel Number | 61415-14-29-53060 | Improvements Assessment | $584,903 |
| Land Assessment | $67,782 | Total Assessment | $652,685 |
PROPERTY TAXES
zoning
| Zoning Code | RM2 (RS-) |
| RM2 (RS-) |
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