Property summary
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
VerifiedCap rate & NOI
Current use
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Apartment Building
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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