Property profile

7845 49Th St Tulsa, OK 74145

OFF-MARKET
Apartment buildings
Property ID
US69-0277910
2 ac lot Built 1969
Entity Owned 5-yr Hold
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Property summary

AI-generated overview

This exceptional 50-unit apartment building, Legacy @ 49th, is situated on a 2-acre lot at 7845 E 49th St, Tulsa, OK 74145. Built in 1969 and extensively renovated in 2021, this two-story property boasts 32,154 square feet of net rentable space. Currently enjoying a 94% occupancy rate (as of August 9th, 2024), this property offers a compelling investment opportunity. The asking price is $5,300,000, translating to $106,000 per unit. Amenities include a swimming pool, a leasing office (renovated from a former boiler room), a privacy gate, and a pickleball court currently under construction. The property also features mini-split systems throughout and two additional two-bedroom units created from the conversion of the old leasing office. Its prime location in Tulsa offers easy access to major highways, shopping centers, and employment hubs, ensuring consistent tenant demand. This well-maintained property presents a strong potential for steady cash flow and appreciation, making it an attractive addition to any investment portfolio. The property's recent renovations and desirable amenities contribute to its high occupancy and strong tenant satisfaction. This is a turnkey opportunity in a thriving Tulsa market.

Property profile

Verified
Property type Apartment buildings
Year built 1969
Lot 2 ac (87,120 SF)
UPID US69-0277910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

7845 49Th St Tulsa, OK 74145
Tulsa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
5 recorded transactions
2024
Price N/A
2021
$2.0M
2018
Price N/A
2016
Price N/A
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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