1402 SW 59th St | Oklahoma City, OK 73119
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- LoopNet Team
1402 SW 59th St
Oklahoma City, OK 73119
Hillcrest Residence Apartments · Multifamily Property For Sale · 148 Units
Investment Highlights
- The entire Property has recently undergone a conversion from central chiller to individual AC units
- Offered to the market free-and-clear of existing debt, allowing new ownership to maximize returns with attractive new debt
- Average in-place rents are $60 below market rates, presenting new ownership an opportunity to continue to increase rental income on lease renewals
PROPERTY FACTS
| No. Units | 148 | Building Size | 142,350 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1960/2016 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 6.37 AC |
| No. Units | 148 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.37 AC |
| Building Size | 142,350 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2016 |
| Parking Ratio | 1.59/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 88 | $875.00 | 950 |
| 2+1.5 | 34 | $925.00 | 925 - 1,050 |
| 3+1.5 | 26 | $1,000 | 1,050 |
PROPERTY TAXES
| Parcel Number | 132221035 | Improvements Assessment | $574,489 |
| Land Assessment | $30,511 | Total Assessment | $605,000 |
PROPERTY TAXES
Parcel Number
132221035
Land Assessment
$30,511
Improvements Assessment
$574,489
Total Assessment
$605,000
zoning
| Zoning Code | R |
| R |
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