Heritage Ridge Apartments | 7550 NW 10th St
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Heritage Ridge Apartments 7550 NW 10th St
112 Unit Apartment Building For Sale Oklahoma City, OK 73127
Investment Highlights
- Excellent Frontage on 10th Street
- Cash Flow from Day 1 with Value-Add Upside
- Recently Renovated/Heavy Lifting Complete
Executive Summary
Great investment opportunity. Heritage Ridge Apartments offer new ownership a recently renovated asset in a great market. Heritage has a mix of 1 & 2 bedroom options ranging from 657 SF to 893 SF, on-site laundry facility, basketball court, playground, security cameras and patio deck area for residents. Located just 5 minutes from OKC Outlets and Westgate Marketplace. The property has undergone extensive renovations, including major system upgrades and modernized interiors, allowing new ownership to focus on operational efficiency rather than capital improvements.
Call or email for more information.
Call or email for more information.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$912,112
|
$9.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$912,112
|
$9.54
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $912,112 |
| Annual Per SF | $9.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $912,112 |
| Annual Per SF | $9.54 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Sale Type | Investment | Lot Size | 3.98 AC |
| No. Units | 112 | Building Size | 95,600 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2024 |
| Building Class | C | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.98 AC |
| Building Size | 95,600 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2024 |
| Opportunity Zone |
Yes |
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Security System
- Video Patrol
- Basketball Court
- Pet Play Area
- Racquetball Court
- Volleyball Court
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 657 |
| 2+1 | 76 | - | 893 |
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PROPERTY TAXES
| Parcel Number | 143631005 | Improvements Assessment | $384,065 (2023) |
| Land Assessment | $61,945 (2023) | Total Assessment | $446,010 (2023) |
PROPERTY TAXES
Parcel Number
143631005
Land Assessment
$61,945 (2023)
Improvements Assessment
$384,065 (2023)
Total Assessment
$446,010 (2023)
zoning
| Zoning Code | R-4 (Multi-Family) |
| R-4 (Multi-Family) |
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Heritage Ridge Apartments | 7550 NW 10th St
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