2321 Meridian Ave Oklahoma City, OK 73107
- Commercial real estate
Current Use by Public Records
- Canterbury Gardens Apartments / Apartment Complex
Property Details for 2321 Meridian Ave
- Property type
- Commercial real estate
Description
This exceptional Oklahoma City multifamily investment portfolio comprises 142 units spread across 22 buildings, strategically located throughout the city, including addresses in zip codes 73107, 73112, 73114, 73119, and 73162. The portfolio boasts a strong 93% occupancy rate, generating stable rental income from a mix of one, two, and three-bedroom units. The Class C properties are well-maintained and benefit from their prime locations, offering easy access to public transportation, shopping, and recreational areas, enhancing tenant appeal and ensuring consistent demand. The portfolio's established rental income provides a solid foundation for future growth, with opportunities for rent increases in a thriving market. One location features a brand new on-site warehouse and laundry facility. This stabilized investment is priced at $11,140,000 and presents a compelling opportunity for investors seeking a diversified, high-performing multifamily asset in a dynamic urban setting. The portfolio's professional management ensures seamless operations and positive tenant relations, minimizing operational concerns and maximizing returns. This is a rare opportunity to acquire a well-established, high-performing portfolio in a desirable market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.6015509
- Latitude
- 35.4920494
