|Price/Rent PSF||$ 5,025,050.00|
|SQ. FT. Available||42,108|
Oklahoma, otherwise known as the Sooner State, is the 20th largest state in the US by land mass. Oklahoma has been experiencing growth since 2010, with nearly 4 million residents today, indicating a 4.7% population growth according to the United States Census. A majority of this growth is occurring in and around Oklahoma City & Tulsa, which are the 1st & 2nd largest metro areas in the State. Oklahoma ranks 3rd in the nation for natural gas production and has historically been very economically dependent on the oil & gas industries, which contribute thirty-five billion dollars a year to the Sooner State. With bigger stakes in Aerospace manufacturing and logistics centres, Oklahoma is becoming more economically diverse. Oklahoma City & Tulsa are home to Fortune 500 & 1000 companies, included but not limited to, Chesapeake Energy Corporation, Devon Energy, Love’s Travel Shops & Country Stores, QuikTrip, Hobby Lobby, and Sonic Drive-in. In addition to Tulsa & OKC being recognized as “Pro-Business Cities”, they have also been awarded most livable communities and #1 Best Large City to start a business in 2017, by Wallethub & Partners for Livable Communities. Oklahoma is advancing to a positive trajectory from both a population & economic growth vantage point. Oklahoma’s current unemployment rate is the same as the national average, at 4.1%.
Go to www.SFRhub.com to custom search and view additional information!
This 24 home Single Family Rental investment portfolio is located in Tulsa and Oklahoma City submarkets. Half of the portfolio resides in the Oklahoma City metropolitan area while the other half around the Tulsa metropolitan area. OK City & Tulsa are the largest cities in Oklahoma, with OKC ranked number one & Tulsa number two. Both cities show strong signs of economic & population growth. The Oklahoma City properties are primarily located in Moore, Edmond and Mustang, giving buyers the opportunity to take advantage of Oklahoma City's growing market. The Tulsa properties are located in Broken Arrow & Bixby submarkets.
Oklahoma City is the State Capital and recently acclaimed by WalletHub as the number 1 best 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 work projects, including the renovated Crystal Bridge and a massive, 70 acre, $132 million central park, known as Scissortail Park, which will be completed in 2021. OKC has diversified its economic base, 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.
Tulsa has seen a strong level of growth over the years including a number of accolades. The current MSA has grown to 981,005 residents and Tulsa is recognized as the cultural & arts center of Oklahoma. Businessweek and Partners for Livable Communities, named Tulsa, amongst the top 50 best livable cities in the country. Much like OKC, Tulsa has historically been dominated by the energy sector, but efforts in economic diversification have created a base in the sectors such as aerospace, finance, technology, telecommunications, tech, and manufacturing. New development initiatives have helped economic improvement, with continued job growth, improving housing trends, and low unemployment rates. Small businesses make up more than 80% of the cities business population, with 30 of those employing more than a 1,000 people.
The current 24 Home SFR Investment Portfolio offers 100% occupied cash flow. Homes throughout the portfolio include 3 bed, 2 baths, attached garage and range from single story to two stories. Homes range in livable square feet from 1025/SF – 2504/SF, with an average home size 1755/SF. In all areas, the school systems are highly rated according to GreatSchools.org. Rents throughout the portfolio are strong, averaging $1629 per month and offering a 6.65% Cap Rate at Seller’s asking price.
Are you sure you want to delete your listing
We recommend you archive listings rather than delete them, for future reference.
Are you sure you want to archive your listing
Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.
Insert this iframe on your site
Insert this iframe on your site