- Prime For Value-Add Implementation And Modernization
- Huge Opportunity To Achieve $235+/Unit In Rent Premiums
- Ultra-Desirable Location In Exploding Oklahoma Market
- Located In Exceptional Mustang Public School District
- Exceedingly Well-Maintained Asset W/Strong Operations
- Extremely Well Positioned In Booming Canadian County
- Offered Free And Clear Of Existing Debt
Primed for Value-Add Implementation & Modernization
Built in 2004, Highland Pointe has been incredibly well maintained by current ownership and boasts virtually 100% original, vintage interior finishes. The property is therefore incredibly well primed and poised for moderate interior upgrades, which will enable the ability to achieve rent upside of $235+ per unit monthly. Upon completion of moderate cosmetic upgrades including, but not limited to kitchen countertop and backsplash areas, cabinet pulls, plank flooring, updated fixtures and lighting packages, new ownership will have the remarkable opportunity to significantly push annual rental income by ~$654,240!
Ultra-Desirable Location in Exploding Multi-Family Market w/Strong Fundamentals
The city of Yukon is one of the most highly sought-after submarkets within the entire Oklahoma City MSA that’s considered one of the very best places to live in Canadian County. Vacancy rates in the submarket have compressed consistently over the last couple of years, currently trekking at around an impressive 4%, with rent growth increasing to 10.6% over the last year. Trades in this submarket are minimal, with just 2% of sales in Oklahoma City occurring in Yukon. The area has attracted a well-qualified demographic of educated professionals in their mid-30s who are drawn to the alluring location that’s considered highly attractive for this renter profile.
Highly Coveted Mustang School District
Recently named to the list of America’s Best Employers by Forbes, the Mustang School District is one of the premier public-school districts in the state, offering top-notch educational facilities and extensive opportunities for students all the way from pre-kindergarten to its graduating seniors.