- Nearly 70% Mix of 2BR and 3BR Units
- In-Place Yield and 100% Classic Units
- Proven Renovation Model in Immediate Submarket
- Additional $250k in Revenue Upside by Bringing Rents to Market
- Located in Union School District
- Proven Water Savings Program
- Offered Free and Clear
- Adjacent Development Site
Nearly 70% Mix of 2BR and 3BR Units | Average Unit ~1,000 sqft
Tradewinds Villas offers an exceptional unit mix, with 68% of residences featuring spacious two- and three-bedroom floor plans averaging 1,000 sqft—among the largest in the submarket.
Within a 1-mile radius of the subject property there are 2,901 units, of which 1,800 (62%) are 1BR units with less than 15% of the units being 3BR. These expansive layouts deliver unmatched comfort and versatility, perfectly suited for families and discerning residents seeking a generous living space in one of Tulsa’s top school districts.
In-Place Yield and 100% Classic Units
All 155 units remain in their original, classic condition, offering investors full control over renovation scope and timing. Ownership injected $1.4M into capital expenditures, leaving a blank slate of interiors. This provides a rare opportunity to modernize finishes and design in line with proven renter preferences in the submarket, unlocking meaningful rent premiums and long-term value creation.
Proven Renovation Model in Immediate Submarket
General rent upside is strongly supported by nearly all properties near Tradewinds (see page 32 for rent comps). A strong example of additional upside through unit upgrades is 23 East Apartments, located just 1.5 miles north of the asset. This comparable community, built in 1971 offers similar sized floorplans with the only differentiating amenity being a swimming pool. 23 East is currently advertising renovated units at the following prices:
- 1BR’s at $900-925
- 2BR/1BA at $1,050
- 2BR/1.5BA at $1,109-1,159
- 3BR/1BA at $1,279