- Originally Designed for Condominium Living – Premium Layouts and Build Quality
- Exceptional Amenities
- Compelling Value-Add Upside – 100% Classic Interiors
- Long-Term Ownership
- Located in a Qualified Census Tract (QCT) – Ideal for Public-Private Financing Strategies
- Offered Free and Clear of Existing Financing
Originally Designed for Condominium Living – Premium Layouts and Build Quality
Oak Creek was originally constructed as a condominium community, delivering a level of build quality and interior space rarely found in 1980s multifamily assets. One-bedroom units average 871 sqft, while two-bedroom units range from 1,115 to 1,341 sqft—significantly larger than typical market comparables. Vaulted ceilings, corner fireplaces, and private outdoor patios or balconies further distinguish Oak Creek from conventional apartment stock.
Exceptional Amenities
Oak Creek boasts outdoor features more commonly associated with newer Class B+ and A product. Residents enjoy a gated entrance, fenced perimeter, pool house with swimming pool, tennis court, and unique water features throughout the property. Covered parking (carports and garages) and in-unit washer/dryers enhancing resident appeal.
Compelling Value-Add Upside – 100% Classic Interiors
All 64 units remain in classic condition, offering a clean slate for a focused interior renovation program. Modernizing unit finishes, refreshing cabinetry, countertops, and flooring could support rent premiums of $175+/unit. Additionally, upgrading the pool house, signage, and outdoor gathering areas can elevate the asset’s curb appeal and leasing velocity—particularly given the large unit layouts, which support top-end finishes and higher rental thresholds.