Value Add Apartments in Tulsa OK

6621 E 38th ST, Tulsa, OK 74135

Good value add potential at about a 7% cap rate now. Occupancy (58%) is below what the market says it should be definitely will need new strong management.

Asking Price $8 Million + 3% fees

With current occupancy could probably start negotiations below 2M. Just suggestion. I have no idea if the seller will accept.

C class building in a B neighborhood.

Property Details and Financial Analysis

Cash Flow Analysis

MB