Monterey Apartments | 1785 S 79th Ave E
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Monterey Apartments 1785 S 79th Ave E
86 Unit Apartment Building $9,142,681 CAD ($106,310 CAD/Unit) 6.79% Cap Rate Tulsa, OK 74112
Investment Highlights
- Exceptional Capital Improvements
- New Roofs, New Parking Lot
- Excellent Unit Upgrades
- Strong Market Fundamentals
- Gated Community
- Great Tenant Profile
Executive Summary
Monterrey is a fantastic value-add opportunity with proven rental upside in both classic and renovated units. Completely remodeled exterior. The complex offers a desirable mix of studio, one, and two-bedroom apartment homes. This is a rare opportunity to acquire a
quality asset in an ideal location with an award-winning design and proven business model.
quality asset in an ideal location with an award-winning design and proven business model.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,142,681 CAD | Building Class | C |
| Price Per Unit | $106,310 CAD | Lot Size | 3.12 AC |
| Sale Type | Investment | Building Size | 53,942 SF |
| Cap Rate | 6.79% | Average Occupancy | 92% |
| No. Units | 86 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.6/1,000 SF |
| Apartment Style | Garden |
| Price | $9,142,681 CAD |
| Price Per Unit | $106,310 CAD |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| No. Units | 86 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.12 AC |
| Building Size | 53,942 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2024 |
| Parking Ratio | 2.6/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Laundry Facilities
- Property Manager on Site
- Gated
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | $1,276 CAD | 570 |
| 2+1 | 26 | $1,630 CAD | 850 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $273,784 CAD (2023) | |
| Land Assessment | $28,173 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $245,610 CAD (2023) | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$28,173 CAD (2023)
Improvements Assessment
$245,610 CAD (2023)
Total Assessment
$273,784 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2025
zoning
| Zoning Code | RM2 (RM-2 zoning is a low-rise residential district that allows for multiple family dwellings, including townhouses, apartments, duplexes, and multi-plexes) |
| RM2 (RM-2 zoning is a low-rise residential district that allows for multiple family dwellings, including townhouses, apartments, duplexes, and multi-plexes) |
Contacts
-
Raymond Lord -
Bill Buchanan -
Dave Pinson -
Chase Lord -
Jason Turner -
SVN OAK Realty Advisors LLC
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Monterey Apartments | 1785 S 79th Ave E
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