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Heritage Ridge Apartments 7550 NW 10th St 112 Apartment Units Online Auction Sale Oklahoma City, OK 73127
Investment Highlights
- Majority 2-BD Units
- $1.1MM in Value-Add Opportunities
- High Visibility On NW 10th (13,000+ VPD) - Yardi
- Over $1.9MM Invested in Capital Expenditures
- Approximately 80% of the Units have been Renovated with $100+/Month Proven Premiums
- $58,000+ Median HH Income - 5-Mile Radius - Yardi
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 3.98 AC |
| Sale Condition | Auction Sale | Building Size | 95,600 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 94% |
| No. Units | 112 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1972/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | Parcel Number | 143631005 |
| Building Class | C | ||
| Zoning | R-4 - Multi-Family | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.98 AC |
| Building Size | 95,600 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2020 |
| Opportunity Zone |
Yes |
| Zoning | R-4 - Multi-Family |
| Parcel Number | 143631005 |
Amenities
Unit Amenities
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Security System
- Video Patrol
- Basketball Court
- Pet Play Area
- Racquetball Court
- Volleyball Court
- Lounge
- Maintenance on site
- Walk-Up
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Sale Advisors
Sale Advisors
Jon Krebbs, Managing Partner
Prior to forming The Multifamily Group, Jon was an Executive Director of Investment Sales with Sperry Van Ness (SVN) and finished as the company’s 22nd highest performing broker out of over 1,100 brokers worldwide in 2016. Prior to that he was a top producer at the Henry S. Miller Company in Dallas.
Jon specializes in asset valuation, coordination of the marketing process, property tours and contract negotiations for sellers of multifamily properties. Jon analyzes each assignment carefully and finds creative ways to add value to his clients. When he is not working, Jon enjoys playing sports, playing his guitar and spending time with his wife Stacie and their children Bradley, Jackson and Finley.
Jon earned a B.B.A. in Finance and an MBA from Texas Tech University, where he is a guest lecturer in the Rawls College of Business.
Jon specializes in asset valuation, coordination of the marketing process, property tours and contract negotiations for sellers of multifamily properties. Jon analyzes each assignment carefully and finds creative ways to add value to his clients. When he is not working, Jon enjoys playing sports, playing his guitar and spending time with his wife Stacie and their children Bradley, Jackson and Finley.
Jon earned a B.B.A. in Finance and an MBA from Texas Tech University, where he is a guest lecturer in the Rawls College of Business.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Heritage Ridge Apartments | 7550 NW 10th St
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