100 Unit Multi-family

Strong Market Fundamentals and Growth Potential Oklahoma City continues to demonstrate steady population and household growth supported by a diverse employment base across healthcare, energy, aerospace, and government sectors. The property benefits from durable workforce housing demand within an established infill corridor poised for continued long-term growth. Prime Location with Excellent Accessibility Positioned along North May Avenue, a major north-south arterial, the property offers direct connectivity to downtown Oklahoma City, Nichols Hills, and surrounding employment hubs. Proximity to retail, dining, and daily-needs amenities enhances tenant convenience and supports sustained leasing velocity. Stable Tenant Base with Consistent Occupancy The asset is currently operating with stable occupancy and generates $728,387 in in-place NOI, reflecting operational consistency. A 1.46x debt service coverage ratio further demonstrates income durability and downside protection. Clear Value-add through Amenity Enhancements The property presents an opportunity to increase value by adding additional amenities and upgrading unit interiors to meet current renter expectations. A modest $1,024 per unit renovation program supports projected rent premiums averaging $74 per unit. Attractive In-place Yield with Upside Offered at $10,500,000 ($105,000 per unit), the property delivers a 6.94% in-place cap rate with a pathway to 7.11% on a pro forma basis. This structure provides investors with immediate cash flow and measurable NOI expansion potential. Efficient Capital Program with High Return Profile The projected $102,400 capital improvement plan is expected to generate approximately $88,464 in incremental annual rental income. This equates to an estimated 86% return on renovation investment, creating meaningful value with limited capital exposure.