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15351 W HWY 66 15351 W Highway 66 6 Unit Apartment Building $966,263 CAD ($161,044 CAD/Unit) 5.83% Cap Rate Sapulpa, OK 74066
Investment Highlights
- Fully remodeled units
- New roof and upstairs deck in 2019
- Conveniently situated alongside Historic Route 66
Executive Summary
Introducing 15351 W HWY 66, a 6-unit multifamily property right off of historic Route 66 in Sapulpa! This property offers strong income potential with major updates already completed. Each 816 sq ft unit features 2 bedrooms and 1 bathroom, kitchen with granite counters, refrigerator, range/oven, dishwasher and disposal, and laundry hook ups. Fully renovated in 2018, including new HVAC systems, ductwork, water heaters, flooring, appliances, and interior finishes throughout. New roof and new upstairs deck in 2019. 2023 Everest ice machine (purchased for approx. $46k) included in sale.
With current occupancy at 83% (5/6 units, was recently 100%, held for showings), in-place income, and upside due to below-market rents, this property presents an attractive value-add opportunity. Conveniently located - less than 5 minute drive to Downtown Sapulpa, and easy access to major highways. Positioned in a growing Sapulpa market, 15351 W HWY 66 is a great opportunity for investors seeking low-maintenance, stability, and future growth potential.
With current occupancy at 83% (5/6 units, was recently 100%, held for showings), in-place income, and upside due to below-market rents, this property presents an attractive value-add opportunity. Conveniently located - less than 5 minute drive to Downtown Sapulpa, and easy access to major highways. Positioned in a growing Sapulpa market, 15351 W HWY 66 is a great opportunity for investors seeking low-maintenance, stability, and future growth potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $966,263 CAD | Building Class | C |
| Price Per Unit | $161,044 CAD | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 5,088 SF |
| Cap Rate | 5.83% | Average Occupancy | 83% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.36/1,000 SF |
| Zoning | RM2 | ||
| Price | $966,263 CAD |
| Price Per Unit | $161,044 CAD |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 5,088 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2018 |
| Parking Ratio | 2.36/1,000 SF |
| Zoning | RM2 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Ice Maker
- Refrigerator
- Oven
- Range
- Carpet
- Freezer
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 816 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1999-32-018-011-0-290-00 | Improvements Assessment | $23,107 CAD |
| Land Assessment | $7,676 CAD | Total Assessment | $30,782 CAD |
Property Taxes
Parcel Number
1999-32-018-011-0-290-00
Land Assessment
$7,676 CAD
Improvements Assessment
$23,107 CAD
Total Assessment
$30,782 CAD
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15351 W HWY 66 | 15351 W Highway 66
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