Highfill Court Apartments | 727 E Culbertson Dr
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Highfill Court Apartments 727 E Culbertson Dr
16 Unit Apartment Building $2,521,401 CAD ($157,588 CAD/Unit) 5.37% Cap Rate Oklahoma City, OK 73105
Executive Summary
Wonderful building just a few blocks from OU Medical Center, OKC Innovation District, and the OKC VA Medical Center. Thirteen of the sixteen units have been renovated within the last two years. The remaining three units have been updated with new appliances and paint. There is a nice, well lit, dry basement that could be utilized for laundry or storage for increased income. Available as a package with 701 Culbertson and 831/835 East Dr. LISTING BROKER IS THE OWNER OF THE PROPERTY.
Data Room Click Here to Access
- Operating and Financials
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 | $2,521,401 CAD | Building Class | C |
| Price Per Unit | $157,588 CAD | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 20,402 SF |
| Cap Rate | 5.37% | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.19 | No. Stories | 2 |
| No. Units | 16 | Year Built/Renovated | 1927/2023 |
| Property Type | Multifamily | Parking Ratio | 0.78/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $2,521,401 CAD |
| Price Per Unit | $157,588 CAD |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Gross Rent Multiplier | 7.19 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 20,402 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1927/2023 |
| Parking Ratio | 0.78/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Basement
- Lawn
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 034677400 | Total Assessment | $143,165 CAD (2023) |
| Land Assessment | $5,953 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $137,212 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
034677400
Land Assessment
$5,953 CAD (2023)
Improvements Assessment
$137,212 CAD (2023)
Total Assessment
$143,165 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | RS (Capitol Medical Zoning Area) |
| RS (Capitol Medical Zoning Area) |
-
Billy Woodring -
Substancia Asset Management Group, LLC
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Highfill Court Apartments | 727 E Culbertson Dr
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