4328 SE 46th St
Oklahoma City, OK 73135

Mosaic is a tremendous income producing apartment community with significant upside potential through increasing occupancy to market levels with improvement management and repair of 12 down units. Operational efficiencies exist for a seasoned investor as in-place expenses are well above market averages, creating an opportunity for an experienced owner to capture immediate positive NOI impact through vendor management and expense control measures. A new owner will also benefit from over $2.9 million in recent capital improvements since 2013. The property underwent an extensive rehab that included roof replacement/repair, full paint, parking lot repairs, HVAC replacement, as well as extensive work within the units including new flooring, paint and appliances. Mosaic is located in Oklahoma City, bordering on the south edge of Del City, Oklahoma. The Midwest City - Del City sub-market is the eastern most sub-market in the Oklahoma City MSA with boundaries of NE 63rd on the north, SE 104th on the south, I-35 on the west and Triple X Road on the east. The neighborhood is directly west of Tinker Air Force Base, the largest single site employer in Oklahoma. Tinker is the maintenance depot for most of the heavy jet aircraft in service. They also maintain almost every jet engine in the military as well as cruise missile engines and software development for the B-2 Stealth Bomber. Additional employers near Mosaic include Midwest Regional Hospital, Oklahoma Heart Hospital, Quad Graphics, Boeing and Rose State College.