Utica Garden Townhouse Apartments | 6710 S Utica Pl
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Utica Garden Townhouse Apartments 6710 S Utica Pl
31 Unit Apartment Building $5,900,000 ($190,323/Unit) 6.77% Cap Rate Tulsa, OK 74136
Investment Highlights
- Mix of Duplex, Triplex and Quadruplex Townhome Buildings
- New Roofs, Exterior 12-Year Paint, New Hardi Plank Siding, New Backyard Decks & Stairs
- Below Market Rents
- All units have a 2-Car Garage and Driveway, 2nd Floor Patio and Staircase
- Located on the RiverParks Greenspace Network (Joe Creek Trail) connecting the property to 20 miles of parks/greenways along the Arkansas River
Executive Summary
This unique investment opportunity features a mix of duplex, triplex, and quadruplex townhome buildings, each unit equipped with a two-car garage, driveway, second-floor patio, and staircase. Recent upgrades include new roofs, durable Hardi Plank siding, 12-year exterior paint, and newly built backyard decks with stairs. Situated along the scenic RiverParks Greenspace Network and Joe Creek Trail, the property offers direct access to 20 miles of parks and greenways along the Arkansas River, enhancing its appeal for residents. With below-market rents, this property presents strong potential for increased returns. Motivated seller—buyers are encouraged to propose their preferred deal terms in a non-binding offer to Frank Gyorody or Nick Lancetti at fgyorody@lee-associates.com.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,900,000 | Building Class | C |
| Price Per Unit | $190,323 | Lot Size | 1.87 AC |
| Sale Type | Investment | Building Size | 46,665 SF |
| Cap Rate | 6.77% | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2006/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.04/1,000 SF |
| Apartment Style | Townhome |
| Price | $5,900,000 |
| Price Per Unit | $190,323 |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 46,665 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2006/2024 |
| Parking Ratio | 0.04/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Range
- Tub/Shower
- Carpet
- Yard
- Deck
- Den
- Dining Room
- Family Room
- Handrails
- Pantry
- Patio
- Porch
Site Amenities
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 31 | $1,312 | 1,489 - 1,511 |
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PROPERTY TAXES
| Parcel Number | 15690-83-06-49480 | Total Assessment | $35,750 (2023) |
| Land Assessment | $8,250 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $27,500 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15690-83-06-49480
Land Assessment
$8,250 (2023)
Improvements Assessment
$27,500 (2023)
Total Assessment
$35,750 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | RS-3 (Residential) |
| RS-3 (Residential) |
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Utica Garden Townhouse Apartments | 6710 S Utica Pl
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