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1220 SE 9th St

Pryor, OK 74361

$4,250,000

Apartments For Sale  •  88,860 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 88,860 Sq Ft
  • Lot Size 8.28 ac
  • Building Class C
  • Year Built 1974
  • Cap Rate 8.58 %
  • Zoning RS-3
0 Transit Score
9 Walk Score

Description

SVN OAK Realty Advisors is pleased to announce the exclusive listing of the Prairie Village Apartments in Pryor, Oklahoma.  This 100 unit apartment community has a excellent unit mxi and is well located in Pryor Oklahoma.  The property has close proximity to the Mid-American Industrial Park with over 80 companies conduct business including Google, Chevron, and FinTube to name a few.    This location combined with the strong market fundamentals which have been witnessed over the past five years gives this submarket of Tulsa a strong occupancy and strong rental growth rate coupled with low turnover and good tenant profile. 

Prairie Village is a terrific opportunity for a Buyer to acquire a performing stabilized property at substantial below market costs with solid in place CAP Rate at 8.19% with cash on cash return in excess of 13.45% with a 75% loan.    Offers will be considered on a first come first serve basis.   All offers should be accompanied with a dossier or proof of funds.

Highlights

Strong Occupancy & Demand
Upside Potential
Great Sub Markt
Performing Stabilized Property
Great Cash on Cash Return

Financial Summary (Actual)

Net Operating Income: $365,565 (2018)
Cap Rate: 8.58 %
Total Expenses: $388,612

Amenities

  • Dishwasher
  • Laundry Facilities
  • Property Manager on Site
  • Washer/Dryer
  • Laundry Service
  • Package Service
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Maintenance on site
  • Vinyl Flooring

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 186
Type: Surface
Included in Rent: Yes
Raymond Lord 918-850-1779 SVN Oak Realty Advisors
Raymond Lord 918-850-1779 SVN Oak Realty Advisors