- Proven Upside Without Renovations (Alexis Park)
- Proven Runway to Continue Interior Renovations (Monterey)
- Located in the Highly Desirable Union School District (Alexis)
- Quality Construction with Desirable Features
- Offered Free and Clear
Proven Upside Without Renovations (Alexis Park)
Current ownership has demonstrated the ability to push rents significantly without undertaking unit renovations—proving out a clear path to revenue growth. Since acquisition, rents on 1-bedroom units have reached $949–$1,085 across 19 of 112 units, and at $899 and above on nearly 40% of 1BR units. 2-bedroom units have reached $1,199–$1,250 across 7 of 16 units. With continued execution of rent increases through standard make-readies and strong operations, Alexis Park presents a straightforward, low-risk value-add opportunity.
Proven Runway to Continue Interior Renovations (Monterey)
A high ceiling on rent upside is strongly supported by nearly all properties near Monterey. The best example of additional upside through unit upgrades is The Lodge Apartments, located just across the street from Monterey. This comparable community, built in the 80’s, offers similar sized floorplans with more amenities and is advertising renovated units at the following prices:
- Lodge Studio’s at $750 (Subject Avg $646)
- 1BR/1BA at $895 (Subject Avg $713)
- 2BR/2BA at $1,100 (Subject Avg $890)
Located in the Highly Desirable Union School District (Alexis)
Alexis Park sits within the Union Public School District, one of the highest-rated districts in the Tulsa metro. Ranked #4 among Best School Districts in Tulsa by Niche.com, Union is widely recognized for its A-rated Union High School, known for strong academics, robust extracurricular programs, and athletic excellence. This school district attracts families seeking long-term housing, directly supporting tenant retention and consistent demand.
- A+ Diversity
- A- College Prep
- A Sports
- B+ Teachers
- B+ Resources and Facilities