- Offered at an attractive basis
- Significant value add opportunity through renovations
- Recent interior updates
- Convenient highway and airport access
- Substantial operational upside
- Offered free & Clear
Offered at an Attractive Basis
Creekside Apartments is offered at a highly attractive going in basis relative to a stabilized Class C product within the immediate Oklahoma City market, region, and especially relative to replacement costs.
Significant Value Add Opportunity Through Renovations
Creekside Apartments provides the incredible opportunity to improve the assets exterior and interior through interior unit and exterior modernization. New ownership can enter the acquisition at a low basis and through these improvements, with stabilized operations, achieve immediate equity.
Recent Interior Updates
Select units have updated unit interiors including counters, black appliances, plank flooring, and fixtures. Creekside Apartments is ripe for the new owner to finish the interior improvements across all remaining units at the asset level to allow the new ownership to achieve market rents and enjoy the immense rent growth of 7.1% in South OKC Q1 (QTD) of 2022.
