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24 Home SFR Investment Portfolio
Listing was updated at: 10/10/2018
Property Overview
Price/Rent PSF $ 3,000,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 32,773
Date Available 10/10/2018
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Description

Location
This 24 home Single Family Rental investment portfolio is located primarily in Oklahoma City with 4 homes in Purcell. Oklahoma City is the State Capital and recently regarded by WalletHub as the NO. 1 best large city to start a business. Oklahoma City has continued to grow over the years, the current population in great MSA is 1,459,758 residents. Much of this growth has been spurred by new private investment & large-scale public works projects, including the renovated Crystal Bridge and a massive, 70 acre, $132 million central park, known as Scissortail Park that will be completed in 2021. OKC has diversified its economic base as well, to not only focus on energy, but information technology, health services, and administration. Oklahoma City is home to Fortune 500 Chesapeake Energy, Devon Energy, as well as Dell, Hertz Coca-Cola, and Sonic Drive-In.

The current 24 Home SFR Investment Portfolio offers 95% occupied cash flowing portfolio. The average vintage of the homes is 1944, homes throughout the portfolio are 2/3/4 bed & 1/2/2.5 bath homes and the majority are 1 story with a few 2 story homes but predominantly single level. Homes range in livable square feet from 800/SF – 2250/SF, with an average home size 1366/SF. In all areas, the school systems are highly rated according to GreatSchools.org. Rents throughout the portfolio are strong, averaging over $921 per month and offering a 6.87% Cap Rate at Seller’s asking price.


Sale
This 24 home Single Family Rental investment portfolio is located primarily in Oklahoma City with 4 homes in Purcell. Oklahoma City is the State Capital and recently regarded by WalletHub as the NO. 1 best large city to start a business. Oklahoma City has continued to grow over the years, the current population in great MSA is 1,459,758 residents. Much of this growth has been spurred by new private investment & large-scale public works projects, including the renovated Crystal Bridge and a massive, 70 acre, $132 million central park, known as Scissortail Park that will be completed in 2021. OKC has diversified its economic base as well, to not only focus on energy, but information technology, health services, and administration. Oklahoma City is home to Fortune 500 Chesapeake Energy, Devon Energy, as well as Dell, Hertz CocaCola, and Sonic Drive-In.

The current 24 Home SFR Investment Portfolio offers a 95% occupied cash flowing portfolio. The average vintage of homes is 1944, ranging from 2/3/4 bed & 1/2/2.5 bath homes, prominently single level. Homes range in livable square feet from 800/SF – 2250/SF, with an average home size of 1366/SF. In all areas, the school systems are highly rated according to GreatSchools.org. Rents throughout the portfolio are strong, averaging over $921 per month and offering a 6.87% Cap Rate at Seller’s asking price.

Location

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