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The Villas at Stonelake 7404 Lyrewood Ln 160 Unit Apartment Building For Sale Oklahoma City, OK 73132
Investment Highlights
- Significant Repositioning & Stabilization Opportunity
- Lender Controlled Sale
- Significant Demand for Workforce Housing
- Opportunity to acquire at a significant discount to replacement cost.
Executive Summary
Colliers is pleased to present the exclusive opportunity to acquire Villas at Stonelake, a 160-unit multifamily community located in the established Northwest Oklahoma City submarket. The property presents a compelling opportunity to reposition a well-located community through targeted unit renovations, property improvements, and operational enhancements.
Villas at Stonelake presents a well-located multifamily investment opportunity in Oklahoma City, offering immediate upside potential through improved occupancy and renovations. Sitting on 11.31 acres with 160 units and approximately 159,000 rentable square feet, the community boasts large floor plans, including one- and two-bedroom apartments and two-bedroom townhomes. Current occupancy is 35%, allowing new ownership to capitalize on leasing demand while implementing value-add improvements to reposition the property.
The property’s location provides excellent connectivity to major thoroughfares, retail corridors, and employment centers across Oklahoma City, ensuring strong renter appeal after rehabilitation. Market-supported rent growth post-renovation highlights the opportunity for significant revenue gains as units are upgraded. With a favorable basis relative to replacement cost and operational upside, Villas at Stonelake offers an attractive proposition for investors seeking a high-yield multifamily repositioning project in a dynamic market.
The surrounding area supports strong demand for workforce housing, driven by a large renter base and steady population growth throughout Northwest Oklahoma City. More than 208,000 residents live within a five mile radius, providing a deep pool of potential renters for well positioned communities.
https://www.colliers.com/en/properties/villas-at-stonelake/usa-7404-lyrewood-ln-oklahoma-city-ok-73132-usa/usa1164925
Villas at Stonelake benefits from convenient access to several of the region’s largest employment centers, including Paycom Corporate Headquarters, Love’s Corporate Headquarters, Integris Baptist Medical Center, and Tinker Air Force Base, which collectively support thousands of jobs throughout the Oklahoma City metro area.
Villas at Stonelake presents a well-located multifamily investment opportunity in Oklahoma City, offering immediate upside potential through improved occupancy and renovations. Sitting on 11.31 acres with 160 units and approximately 159,000 rentable square feet, the community boasts large floor plans, including one- and two-bedroom apartments and two-bedroom townhomes. Current occupancy is 35%, allowing new ownership to capitalize on leasing demand while implementing value-add improvements to reposition the property.
The property’s location provides excellent connectivity to major thoroughfares, retail corridors, and employment centers across Oklahoma City, ensuring strong renter appeal after rehabilitation. Market-supported rent growth post-renovation highlights the opportunity for significant revenue gains as units are upgraded. With a favorable basis relative to replacement cost and operational upside, Villas at Stonelake offers an attractive proposition for investors seeking a high-yield multifamily repositioning project in a dynamic market.
The surrounding area supports strong demand for workforce housing, driven by a large renter base and steady population growth throughout Northwest Oklahoma City. More than 208,000 residents live within a five mile radius, providing a deep pool of potential renters for well positioned communities.
https://www.colliers.com/en/properties/villas-at-stonelake/usa-7404-lyrewood-ln-oklahoma-city-ok-73132-usa/usa1164925
Villas at Stonelake benefits from convenient access to several of the region’s largest employment centers, including Paycom Corporate Headquarters, Love’s Corporate Headquarters, Integris Baptist Medical Center, and Tinker Air Force Base, which collectively support thousands of jobs throughout the Oklahoma City metro area.
Property Facts
| Sale Type | Investment | Lot Size | 7.76 AC |
| Sale Condition | Distress Sale | Building Size | 156,123 SF |
| No. Units | 160 | Average Occupancy | 35% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1978 |
| Apartment Style | Garden | Parking Ratio | 1.52/1,000 SF |
| Building Class | C | ||
| Zoning | R-4 | ||
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Units | 160 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.76 AC |
| Building Size | 156,123 SF |
| Average Occupancy | 35% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | R-4 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
- Porch
Site Amenities
- 24 Hour Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Maintenance on site
- Pond
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 54 | - | 750 |
| 2+2 | 53 | - | 1,100 |
| 2+2.5 | 53 | - | 1,200 |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 140151925 | Improvements Assessment | $479,400 CAD |
| Land Assessment | $37,898 CAD | Total Assessment | $517,298 CAD |
Property Taxes
Parcel Number
140151925
Land Assessment
$37,898 CAD
Improvements Assessment
$479,400 CAD
Total Assessment
$517,298 CAD
Contacts
-
Chris Kennedy -
David Dirkschneider -
Jason Turner -
Mike Marrara -
Ryan Gorman -
Colliers Oklahoma, LLC
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The Villas at Stonelake | 7404 Lyrewood Ln
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