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5131 S Wheeling Ave
Tulsa, OK 74105 Heller Park

$998,000

Apartments For Sale  •  12,177 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 12,177 Sq Ft
  • Lot Size 1 ac
  • Building Class C
  • Year Built 1965
  • Cap Rate 13.24 %
  • Zoning RM2
25 Transit Score
44 Walk Score

Description

EXTENDED STAY FACILITY - Class B property situated on 43,499 SF (0.99 AC) lot. Built in 1965 and zoned RM2. Fully furnished extended stay facility consisting of 19 ~650 SF units with two beds (one bedroom) and 1 bath each. Project totals 12,177 SF. Property maintains steady, year-round occupancy. Unit rents range from $1,200 to $1,400 per month.

EXISTING BUSINESS RELATIONSHIPS - Project primarily serves local construction and healthcare professionals with short-term rental requirements. Typical occupancy is between 1 and 3 months. Existing relationships with local companies help to maintain occupancy. Owner will include book of business with sale of property. 

ALL UTILITIES INCLUDED IN RENT - All City Services. Water/Sewer Master-Metered; Electric & Gas Sub-Metered. All Utilities Included in Rent.

Highlights

Fully Furnished Units
All Utilities Included
Steady Occupancy

Property Flyers

Financial Summary (Actual)

Net Operating Income: $132,103 (2018)
Cap Rate: 13.24 %
Total Expenses: $92,707

Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Furnished Units Available
  • Laundry Service
  • Maid Service
  • Kitchen
  • Oven
  • Range
  • Wi-Fi
  • Community-Wide WiFi

Public Transportation

AirportDriveWalkDistance
Tulsa International Airport 24 min - 12.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Pete Peterson 520-225-0020 JDS Real Estate Services, Inc.
Pete Peterson 520-225-0020 JDS Real Estate Services, Inc.