Heritage Ridge Apartments | 7550 NW 10th St
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Heritage Ridge Apartments 7550 NW 10th St
112 Unit Apartment Building $7,000,000 ($62,500/Unit) Oklahoma City, OK 73127
INVESTMENT HIGHLIGHTS
- 112-Unit Asset with a 68% Concentration of Two Bedroom Units
- Cash Flow from Day 1 with $150/per unit rent increase potential
- Quick Commute to Major Employment Centers with Excellent Frontage on 10th Street
- New Owner Will Have Ability to get Freddie SBL Financing
EXECUTIVE SUMMARY
Heritage Ridge Apartments offer new ownership an asset in a landlord friendly 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 7 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) 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
|
| Net Operating Income |
-
|
-
|
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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $7,000,000 | Building Class | C |
| Price Per Unit | $62,500 | Lot Size | 3.98 AC |
| Sale Type | Investment | Building Size | 95,600 SF |
| No. Units | 112 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1972/2024 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | $7,000,000 |
| Price Per Unit | $62,500 |
| 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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