Post on 25-Jul-2020
Associate Advisor918.201.2005klord@svn.com
Kristi Lord
Managing Director918.201.2005bdavis@svn.com
Benjamin Davis
Managing Director918.201.2005rlord@svn.com
Raymond Lord
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
Excellent Investment Property
Well Located
Significant Capital Improvements
Strong Occupancy
PRESENTED BPRESENTED BYY::
FOR SALE | MULTI-FAMILY
All SVN® Offices Independently Owned & Operated. The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY5137 East 47th Street | Tulsa, OK 74135
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
DISCLAIMER
The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used forany other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of theSVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.
The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving thesematerials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.
Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, andthere can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations orwarranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made availableto the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed anddelivered Real Estate Purchase Agreement between it and Owner.
The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any oftheir officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochureare advised and encouraged to conduct their own comprehensive review and analysis of the Property.
This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochureor making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable toOwner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to releasethe Owner and the SVN Advisor from any liability with respect thereto.
To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaserproceeds at its own risk.
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
TABLE OF CONTENTS
All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1. PROPERTY INFORMATION 4
2. LOCATION INFORMATION 8
3. FINANCIAL ANALYSIS 10
4. DEMOGRAPHICS 18
5. ADDITIONAL INFORMATION 22
5137 East 47th Street | Tulsa, OK 74135
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITYFOR SALE | MULTI-FAMILY
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
1 PROPERTY INFORMATION
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 5
PROPERPROPERTTY OY OVERVERVIEWVIEW
SVN OAK Realty Advisers is pleased to offer Old South Apartments. This 58 unit apartment communityhas undergone significant capital improvements over the past two years allowing an investor to takeadvantage of the stable occupancy and improving market performance in the area. The property is welllocated and has an assumable Freddie Mac Non Recourse Loan at a low interest rate fixed for anadditional eight years.
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Excellent Investment Property
• Well Located
• Significant Capital Improvements
• Strong Occupancy
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 1 | PROPERTY INFORMATION
Executive Summary
PROPERPROPERTTY SUMMARY SUMMARYYSALE PRICE: $2,150,000
NUMBER OF UNITS: 58
CAP RATE: 8.34%
NOI: $179,407
LOT SIZE: 2.38 Acres
BUILDING SIZE: 49,362 SF
CEILING HEIGHT: 8.0 FT
YEAR BUILT: 1967
RENOVATED: 2016
ZONING: RS-3
MARKET: Tulsa
SUB MARKET: Mid-Town
CROSS STREETS: 51st & Yale
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 6
PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS
• Excellent Investment Property
• Well Located
• Significant Capital Improvements
• Strong Occupancy
• Brand New Roof with 25 Year Warranty
• Great Unit Mix of 1, 2 & 3 Bed Units
• Upside potential with minimal unit improvements•
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 1 | PROPERTY INFORMATION
Complete Highlights
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 1 | PROPERTY INFORMATION
Property Overview
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 7
Construction
Year Built: 1967Number of Stories: 2
Foundation: SlabParking Surface: New 2" Overlay AsphaltNumber of Units: 58
Roof: New 25 Year Warranty Asphalt Shingle
Physical Description
Property Name: Old South ApartmentsType of Ownership: Fee Simple / LLC
APN: 38825-93-27-10400Lot Size: 2.38 AC
Building Size: 49,362 SFRentable SF: 48,931 SF
Building Class: C+Zoning: RS-3
Parking Spaces: 87Parking Ratio: 1.68
Interior Finish
Walls: DrywallCeilings: Acostical Drywall
Floor Coverings: Mixture of Carpet and Faux Wood VynalRestrooms: Per unit
Corridors: common open
5137 East 47th Street | Tulsa, OK 74135
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITYFOR SALE | MULTI-FAMILY
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
2 LOCATION INFORMATION
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 9
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 2 | LOCATION INFORMATION
Location Maps
5137 East 47th Street | Tulsa, OK 74135
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITYFOR SALE | MULTI-FAMILY
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
3 FINANCIAL ANALYSIS
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Financial Summary
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 11
INVESINVESTMENT OTMENT OVERVERVIEWVIEW
Price $2,150,000Price per Unit $37,068GRM 5.6CAP Rate 8.3%Cash-on-Cash Return (yr 1) 14.08 %Total Return (yr 1) $101,441Debt Coverage Ratio 1.76
OPERAOPERATING DTING DAATTAA
Gross Scheduled Income $386,430Other Income $27,193Total Scheduled Income $413,623Vacancy Cost $59,489Gross Income $354,134Operating Expenses $174,236Net Operating Income $179,407Pre-Tax Cash Flow $77,418
FINANCING DFINANCING DAATTAA
Down Payment $550,000Loan Amount $1,600,000Debt Service $101,989Debt Service Monthly $8,499Principal Reduction (yr 1) $24,023
INCINCOME SUMMAROME SUMMARYY PER UNITPER UNIT
Gross Potential Income $386,430 $6,662.00Less Vacancy & Bad Debt -$59,490 -$1,026.00Laundry Income $6,819 $117.00Other Income $18,580 $320.00Misc Other Income $1,795 $30.00
GROSS INCOME $354,134 $6,105.00
EXPENSE SUMMAREXPENSE SUMMARYY PER UNITPER UNIT
Advertising $519 $8.00Insurance $24,540 $423.00Landscaping $2,180 $37.00Legal & Professional $2,298 $39.00License & Permits $405 $6.00Boiler & Chiller $855 $14.00Maintenance $100 $1.00Maintenance Supplies $11,198 $193.00Unit Turn / Make Ready $18,720 $322.00Office Supplies $310 $5.00Expense "other" $2,294 $39.00Resident Activities $647 $11.00Payroll $43,318 $746.00Contractor $3,193 $55.00Security $749 $12.00Pool $2,326 $40.00Utilities $39,640 $683.00Taxes $20,944 $361.00
GROSS EXPENSES $174,236 $3,004.00
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 12
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Income & Expenses
INCINCOME SUMMAROME SUMMARYY PER UNITPER UNIT
NET OPERATING INCOME $179,407 $3,093.00
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 13
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Income & Expenses
Old South Apartments
Value Proforma Analysis
Tulsa, OK 74135
Old South Apartments
5137 E 47th Pl S
58 1,967
Proforma Value - Based on Actuals
$386,430 $386,430
+
$32,203 $6,662.59 93.43%
$0
+
$0 $0 $0.00
Laundry Income $6,818 $6,818 $568
- Collections
$117.55 1.65%
Other Income $18,580
Price
$18,580
CAP Rate
$1,548
IRR All Cash
$320.34
IRR Leveraged
4.49%
Misc $1,778 $1,778 $148 $30.66 0.43%
$413,606 $413,606 $34,467 $7,131.14
$6,105.68
Actual
$48,723 $48,723 $4,060 $840.05 11.78%
- Concessions
$10,750 $10,754 $896 $185.41 2.60%
- Property Tax
$354,133 $354,129 $29,511 85.62%
$153,731 $153,741 $12,812 $2,650.71 37.17%
$20,994
Gross Rents
$20,994
+
$1,750
= Gross Income
$361.97
- Vacancy
5.08%
= Effective Inc.
$0
- Expenses
$0- Reserves $0
= NOI
$0.00 0.00%
$179,408 $179,394 $14,950 $3,093.01 43.37%
$2,150,000
8.34%
15.30%
33.59%
Proforma Total Monthly Annual/Unit %
0.00%Units Year Built
Price/Unit $37,069
Price/SF $43.56
© 2005-2006 by REALHOUND.comPrinted 2/2/2017 from Realhound ClassicThe information furnished is from sources deemed reliable but no guarantee is made as to its accuracy.
Old South Apartments
Profoma Value Grid - Based on Actuals
5.84%
6.34%
6.84%
7.34%
7.84%
$3,069,758
$2,827,814
$2,621,221
$2,442,759
$2,287,049
Value
$52,927
$48,755
$45,193
$42,117
$39,432
$/Unit
$62.19
$57.29
$53.10
$49.49
$46.33
$/SF
7.94
7.32
6.78
6.32
5.92
GRM
$2,150,000 $37,069 $43.56 5.568.34%
5.8%
6.3%
6.8%
7.3%
7.8%
NPV
8.3%
11.3%
12.1%
13.0%
13.7%
14.5%
Cash on Cash
15.3%
7.3%
9.0%
10.8%
12.6%
14.3%
Cash on Cash
16.1%
$2,199,993
$2,026,600
$1,878,541
$1,750,644
$1,639,052
Loan Amount
$1,540,833
$869,765
$801,214
$742,679
$692,115
$647,997
Equity
$609,167
CAPIRR IRR
Unleveraged Leveraged
$955,830
$1,030,133
$1,090,747
$1,140,930
$1,183,012
$1,218,700
21.5%
23.9%
26.3%
28.7%
31.1%
33.6%
8.84%
9.34%
9.84%
10.34%
10.84%
$2,028,448
$1,919,904
$1,822,387
$1,734,297
$1,654,331
$34,973
$33,102
$31,420
$29,902
$28,523
$41.09
$38.89
$36.92
$35.13
$33.51
5.25
4.97
4.72
4.49
4.28
8.8%
9.3%
9.8%
10.3%
10.8%
16.1%
16.8%
17.6%
18.4%
19.1%
17.9%
19.6%
21.4%
23.2%
24.9%
$1,453,721
$1,375,931
$1,306,044
$1,242,913
$1,185,604
$574,727
$543,973
$516,343
$491,384
$468,727
$1,249,268
$1,275,683
$1,298,692
$1,318,876
$1,336,698
36.1%
38.8%
41.5%
44.3%
47.2%
© 2005-2006 by REALHOUND.comPrinted 2/2/2017 from Realhound ClassicThe information furnished is from sources deemed reliable but no guarantee is made as to its accuracy.
Old South Apartments
Profoma Value Expenses - Based on Actuals
Description ActualAnnual $/SF
Proforma Annual $
Actual Annual $
Proforma Annual $/SF
ActualAnnual $/Unit
Proforma Annual $/Unit
$0.07 $3,251 $3,251$0.07$56 $56Administrative Expenses$0.01 $518 $518$0.01$9 $9Advertising & Marketing$0.00 $116 $116$0.00$2 $2Business License$0.06 $3,193 $3,193$0.06$55 $55Contract Services$0.50 $24,540 $24,540$0.50$423 $423Insurance$0.04 $2,180 $2,180$0.04$38 $38Landscape Maintenance$0.05 $2,297 $2,297$0.05$40 $40Legal & Accounting$0.38 $18,719 $18,719$0.38$323 $323Make Ready$0.01 $463 $463$0.01$8 $8Miscellaenous$0.88 $43,381 $43,381$0.88$748 $748On-Site Management & Staff$0.02 $1,160 $1,160$0.02$20 $20Pest Control$0.05 $2,326 $2,326$0.05$40 $40Pool Maintenance$0.23 $11,198 $11,198$0.23$193 $193Repairs & Maintenance$0.02 $749 $749$0.02$13 $13Security$0.80 $39,640 $39,640$0.80$683 $683Utilites
© 2005-2006 by REALHOUND.comPrinted 2/2/2017 from Realhound ClassicThe information furnished is from sources deemed reliable but no guarantee is made as to its accuracy.
Old South Apartments
Profoma Value Financing - Based on Actuals
$1,003,333 30 0 Yes 46.7%
$537,500 30 0 No 25.0%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
4.75%
$4,499
2019$4,157
$4,456
2018 $4,014
$4,181
$4,347
$4,114
$4,328
$4,413
4.750% 5.125%
$3,8132017
2023
$4,279
$3,972
$4,097$4,139
$4,264$4,306
$4,072
$3,751
$4,242$4,285
$4,370$3,906
4.500% 4.625% 5.000%
$4,060
$3,774
$3,853
$1,013,333$3,731
$3,892
$3,972
$3,575
2021
2022
2025
$4,051
$4,130$1,033,333
$4,169
$3,873$3,914
$953,333
$4,035
2026
$3,725
$963,333
$4,157$4,198
$3,763
$3,838
$4,239
$3,800
$3,875$3,913
$4,056
$3,950
$3,476 $3,674
First Loan
Second Loan
$4,222
First Loan
Second Loan
$4,389
$3,512
Amount Duration (Year Fees (Points) Interest Only
Interest Rates
Terms
$4,200$3,549$3,585
$3,867
$3,713$973,333
$3,790
$3,944
$3,828
4.375%
$983,333
$3,658
4.875%
$3,622
$4,021
$3,694
$3,804$3,983
$3,932$1,003,333
$4,011
$993,333
2024
$3,954
2020
$3,767
$3,650$3,613
$4,076
$4,090
$3,840
$3,688
$1,053,333
$1,023,333
$1,043,333
First Loan
$4,117
% LTV
$3,995
Initial Payment Matrix
© 2005-2006 by REALHOUND.comPrinted 2/2/2017 from Realhound ClassicThe information furnished is from sources deemed reliable but no guarantee is made as to its accuracy.
Old South Apartments
Profoma Value Increases - Based on Actuals
Fiscal Year
Rent Growth
Concessions Other Income Growth
Vacancy Collection Loss
Expenses Growth
Property Tax Growth
Reserves Growth
Capital Expenses
2018 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2019 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $150,000
2020 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $35,000
2021 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2022 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2023 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2024 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2025 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2026 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2027 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2028 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2029 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2030 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2031 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2032 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2033 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2034 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2035 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
2036 3.50% 1.25% 2.75% 5.00% 1.25% 1.75% 2.25% 5.00% $7,500
2037 3.00% 1.50% 3.00% 10.00% 2.00% 1.75% 2.50% 5.00% $0
© 2005-2006 by REALHOUND.comPrinted 2/2/2017 from Realhound ClassicThe information furnished is from sources deemed reliable but no guarantee is made as to its accuracy.
Old South Apartments
Profoma Value Cash Flow - Based on Actuals
2017 2019 2020 2021 2022 2023 2024 2025 20262018
$386,430 $413,953 $428,442 $443,437 $458,958 $475,021 $491,647 $508,855 $526,664RENT INCOME $399,955- CONCESSIONS $0 $5,174 $5,356 $5,543 $5,737 $5,938 $6,146 $6,361 $6,583$4,999+ OTHER INCOME $27,176 $28,691 $29,480 $30,291 $31,124 $31,980 $32,859 $33,763 $34,691$27,923
$413,606 $437,470 $452,567 $468,185 $484,345 $501,063 $518,361 $536,257 $554,773= GROSS INCOME $422,879- VACANCY $48,723 $21,874 $22,628 $23,409 $24,217 $25,053 $25,918 $26,813 $27,739$21,144- COLLECTIONS $10,754 $5,468 $5,657 $5,852 $6,054 $6,263 $6,480 $6,703 $6,935$5,286
$354,129 $410,128 $424,281 $438,924 $454,073 $469,747 $485,963 $502,741 $520,099= EFF INCOME $396,449- EXPENSE $153,741 $159,169 $161,954 $164,789 $167,672 $170,607 $173,592 $176,630 $179,721$156,431- PROPERTY TAX $20,994 $21,949 $22,443 $22,948 $23,465 $23,992 $24,532 $25,084 $25,649$21,466- RESERVES $0 $0 $0 $0 $0 $0 $0 $0 $0$0- CAPITAL EXPENSE $35,000 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500$7,500
$144,394 $221,510 $232,383 $243,687 $255,436 $267,648 $280,338 $293,526 $307,229= NET INCOME $211,051($2,005,606) $221,510 $232,383 $243,687 $255,436 $267,648 $280,338 $293,526 $3,349,444CASH FLOW $211,051
- LOAN PAYMENTS/FEES $81,305 $81,305 $81,305 $81,305 $81,305 $81,305 $81,305 $81,305 $81,305$81,305($546,077) $140,205 $151,079 $162,382 $174,131 $186,343 $199,034 $212,222 $1,830,923= LEVERAGED CASH FLOW $129,747
$1,540,833 $1,523,843 $1,514,724 $1,505,162 $1,495,136 $1,484,624 $1,473,601 $1,462,043 $1,449,924BEGINNING LOAN BALANCE $1,532,539$1,532,539 $1,514,724 $1,505,162 $1,495,136 $1,484,624 $1,473,601 $1,462,043 $1,449,924 $1,437,216ENDING LOAN BALANCE $1,523,843
© 2005-2006 by REALHOUND.comPrinted 2/2/2017 from Realhound ClassicThe information furnished is from sources deemed reliable but no guarantee is made as to its accuracy.
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Rent Roll
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 14
TENANTTENANTNAMENAME
UNITUNITNUMBERNUMBER
UNITUNITBEDBED
UNITUNITBBAATHTH
UNITUNITSIZE (SIZE (SF)SF)
LEALEASESESSTTARARTT
LEALEASESEENDEND
CURRENTCURRENTRENTRENT
CURRENTCURRENTRENT (RENT (PER SF)PER SF)
MARKETMARKETRENTRENT
SESECURITCURITYYDEPOSITDEPOSIT
101 2 1 850 1/13/2017 12/31/2017 $679 $0.80 $679 $200
102 2 1 850 7/28/2016 7/31/2017 $649 $0.76 $649 $200
103 2 1 850 7/8/2016 7/31/2017 $679 $0.80 $679 $200
104 2 1 850 02/24/2016 02/28/2017 $649 $0.76 $649 $200
105 2 1 850 11/29/2016 10/31/2017 $649 $0.76 $649 $200
106 2 1 850 01/09/2016 01/31/2017 $649 $0.76 $649 $200
107 2 1 850 11/30/2007 M to M $629 $0.74 $649 $225
108 2 1 850 08/04/2014 M to M $649 $0.76 $649 $200
109 2 1 850 01/20/2017 01/31/2018 $679 $0.80 $679 $200
110 2 1 850 05/06/2013 M to M $629 $0.74 $649 $200
111 2 1 850 01/20/2015 M to M $629 $0.74 $679 $150
112 2 1 850 08/12/2016 02/28/2017 $649 $0.76 $649 $200
113 2 1 850 06/15/2016 06/30/2017 $649 $0.76 $649 $0
114 2 1 850 05/04/2016 05/31/2017 $649 $0.76 $649 $200
115 2 1 850 08/10/2016 07/31/2017 $649 $0.76 $679 $200
116 2 1 850 12/12/2014 M to M $649 $0.76 $649 $200
117 2 1 850 04/19/2013 M to M $629 $0.74 $649 $200
118 2 1 850 08/02/2016 08/17/2017 $649 $0.76 $649 $200
119 2 1 850 01/27/2016 01/31/2017 $649 $0.76 $649 $200
120 2 1 850 $0 $0.00 $649 $0
121 2 1 850 10/07/2016 10/31/2017 $679 $0.80 $679 $200
122 2 1 850 01/17/2017 01/31/2018 $649 $0.76 $649 $200
123 2 1 850 02/01/2017 02/28/2018 $679 $0.80 $679 $200
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Rent Roll
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 15
TENANTTENANTNAMENAME
UNITUNITNUMBERNUMBER
UNITUNITBEDBED
UNITUNITBBAATHTH
UNITUNITSIZE (SIZE (SF)SF)
LEALEASESESSTTARARTT
LEALEASESEENDEND
CURRENTCURRENTRENTRENT
CURRENTCURRENTRENT (RENT (PER SF)PER SF)
MARKETMARKETRENTRENT
SESECURITCURITYYDEPOSITDEPOSIT
124 2 1 850 11/06/2016 11/31/2017 $649 $0.76 $649 $200
125 2 1 850 09/02/2016 09/30/2017 $649 $0.76 $679 $200
126 2 1 850 04/01/2016 04/30/2017 $649 $0.76 $649 $200
127 2 1 850 02/26/2013 M to M $629 $0.74 $649 $368
128 2 1 850 $0 $0.00 $649 $0
129 2 1 850 06/11/2013 M to M $629 $0.74 $649 $400
130 2 1 850 09/10/2016 09/30/2017 $649 $0.76 $649 $1
131 2 1 850 04/05/2012 M to M $625 $0.74 $649 $200
132 2 1 850 11/18/2016 11/30/2017 $649 $0.76 $649 $200
133 2 1 850 05/01/2016 05/31/2017 $679 $0.80 $679 $400
134 2 1 850 09/14/2016 09/30/2017 $649 $0.76 $649 $200
135 2 1 850 02/04/2013 M to M $649 $0.76 $649 $500
136 2 1 850 11/18/2015 M to M $649 $0.76 $649 $200
137 2 1 850 10/01/2016 M to M $679 $0.80 $679 $300
138 2 1 850 09/03/2016 09/30/2017 $649 $0.76 $649 $200
139 1 1 600 11/07/2016 11/30/2017 $500 $0.83 $500 $200
140 3 1 1,400 11/08/2016 11/30/2017 $897 $0.64 $897 $200
A-101 2 1 900 Manager Manager $0 $0.00 $679 $0
A-102 1 1 650 02/01/2016 M to M $575 $0.88 $575 $0
A-103 1 1 650 03/25/2014 M to Mo $565 $0.87 $575 $205
A-104 1 1 650 $0 $0.00 $575 $0
A-105 1 1 650 08/19/2016 08/30/2017 $575 $0.88 $575 $150
A-106 1 1 650 02/03/2011 M to M $565 $0.87 $575 $158
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Rent Roll
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 16
TENANTTENANTNAMENAME
UNITUNITNUMBERNUMBER
UNITUNITBEDBED
UNITUNITBBAATHTH
UNITUNITSIZE (SIZE (SF)SF)
LEALEASESESSTTARARTT
LEALEASESEENDEND
CURRENTCURRENTRENTRENT
CURRENTCURRENTRENT (RENT (PER SF)PER SF)
MARKETMARKETRENTRENT
SESECURITCURITYYDEPOSITDEPOSIT
A-107 1 1 650 11/15/2016 11/30/2017 $575 $0.88 $575 $150
A-108 1 1 650 08/19/2016 08/30/2017 $575 $0.88 $575 $150
A-109 2 1 900 11/19/2016 07/31/2017 $649 $0.72 $649 $0
A-110 1 1 650 09/01/2016 08/31/2017 $575 $0.88 $575 $0
A-111 1 1 650 12/01/2015 M to M $555 $0.85 $575 $0
A-112 1 1 650 12/17/2013 M to M $565 $0.87 $575 $150
A-113 1 1 650 05/03/2016 05/31/2017 $575 $0.88 $575 $150
A-114 1 1 650 01/25/2012 M to M $555 $0.85 $575 $150
A-115 1 1 650 03/24/2014 M to M $565 $0.87 $575 $150
A-116 1 1 650 10/19/2016 10/31/2017 $575 $0.88 $575 $100
A-117 2 1 900 04/01/2015 M to M $649 $0.72 $649 $200
TTootals/Atals/Avvereragesages 46,46,100100 $33,520$33,520 $0$0..7373 $36,386$36,386 $9$9,857,857
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 3 | FINANCIAL ANALYSIS
Unit Mix Summary
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 17
UNIT TUNIT TYPEYPE CCOUNTOUNT % T% TOOTTALAL SIZE (SIZE (SF)SF) RENTRENT RENTRENT/SF/SF MARKET RENTMARKET RENT DEPOSITDEPOSIT
Junior 1 1 1.7 520 $500 $0.96 $550 $250
1 + 1 14 24.1 677 $575 $0.85 $575 $300
2 + 1 39 67.2 900 $659 $0.73 $695 $350
2 + 1 (L) 3 5.2 936 $659 $0.70 $695 $350
3 + 1 1 1.7 13 $897 $69.00 $925 $400
TTootals / Atals / Avvereragesages 5858 100%100% 4747,,919919 $37$37,,125125 $0$0..7777 $38,$38,771515 $19$19,550,550
Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Total
IncomeAffordable Housing Income
$6,983.00 $6,534.00 $6,315.00 $6,015.00 $5,586.00 $6,071.00 $5,791.00 $5,778.00 $5,771.00 $4,522.00 $4,475.00 $3,932.00 $3,332.00 $71,105.00
Application Fee Income $50.00 $50.00
Cleaning and Maint Income $200.00 $200.00 $150.00 $550.00
Fee Income $0.00
Fee Income - Other $133.00 $133.00
Pet Rent Income $200.00 $200.00
Total for Fee Income $333.00 $333.00
Late Fee Income $50.00 $50.00 $150.00 $102.00 $4.00 $1.00 $57.00 $50.00 $2.00 $45.00 $1.00 $512.00
Laundry Income $826.00 $1,035.00 $1,067.50 $1,040.00 $1,151.00 $667.00 $614.00 $620.00 $624.00 $7,644.50
Other Income $9,225.00 $8,955.00 $400.00 $18,580.00
Rent Income $22,076.00 $23,445.00 $22,409.00 $24,316.25 $21,973.00 $23,420.00 $22,399.00 $20,409.00 $21,261.00 $19,974.00 $19,238.65 $21,137.00 $22,836.00 $284,893.90
Repairs Income $17.00 $17.00
Total Income $29,885.00 $31,064.00 $29,841.50 $31,421.25 $29,060.00 $29,793.00 $28,194.00 $26,188.00 $28,439.00 $34,385.00 $32,670.65 $26,134.00 $26,943.00 $384,018.40
ExpenseAdvertising $518.00 $518.00
Insurance $6,023.57 $4,975.14 $2,487.57 $2,487.57 $2,485.57 $1,013.48 $1,013.48 $1,013.48 $1,013.48 $1,013.48 $1,013.48 $24,540.30
Landscaping $100.00 $360.14 $220.00 $100.00 $200.00 $200.00 $400.00 $400.00 $300.00 $2,280.14
Legal and Professional F
$128.54 $379.54 $497.54 $522.54 $636.62 $133.00 $2,297.78
Licenses and Permits $205.00 $50.00 $150.00 $405.00
Maintenance $0.00
Boiler Chiller Maintenance $145.04 $145.04 $420.00 $145.04 $855.12
Maintenance - Other $100.00 $100.00
Total $100.00 $6,512.25 $599.54 $5,075.14 $2,632.61 $3,130.15 $2,690.57 $1,213.48 $1,786.02 $1,563.48 $2,070.10 $2,309.52 $1,313.48 $30,996.34
Maintenance SuppliesMaint Supplies Lighting $65.63 $65.63
Maint Supplies Locks and K
$2.03 $100.52 $68.25 $170.80
Maint Supplies Misc $81.12 $211.19 $16.24 $17.33 $325.88
Maint Supplies Plumbing $100.00 $608.00 $150.00 $111.28 $730.82 $718.72 $207.38 $225.00 $2,851.20
Maintenance Supplies - Oth
$949.03 $1,093.16 $786.56 $311.28 $975.56 $150.00 $1,895.21 $276.11 $1,447.79 $7,884.70
Total for Maintenance S li
$100.00 $1,640.18 $150.00 $488.62 $1,892.23 $786.56 $1,030.00 $1,199.18 $375.00 $1,895.21 $276.11 $1,447.79 $17.33 $11,298.21
Make ReadyMake Ready - Other $290.70 $290.70
MR Flooring $48.55 $295.00 $500.00 $600.00 $635.00 $195.00 $490.00 $2,763.55
MR Labor $1,080.00 $1,464.25 $1,249.25 $583.54 $1,452.32 $579.51 $740.16 $427.50 $1,923.75 $1,852.00 $175.00 $11,527.28
MR Labor Cleaning $335.00 $150.00 $150.00 $300.00 $300.00 $220.17 $285.00 $75.00 $495.00 $595.00 $2,905.17
MR misc $326.25 $326.25
MR Supplies Paint $302.27 $302.27 $302.27 $906.81
Old South Apartments
Generated 10/20/2016 5:28 PM Page 1 of 2
Total for Make Ready $0.00 $1,463.55 $1,916.52 $1,694.25 $592.97 $1,383.54 $1,752.32 $1,179.51 $1,595.33 $907.50 $2,488.75 $2,975.52 $770.00 $18,719.76
Office Supplies $57.50 $117.17 $50.97 $84.57 $310.21
Other Expenses $0.00
Other Expenses - Other $500.00 $774.00 $52.35 $357.65 $400.00 $1,060.07 $50.00 $400.00 $3,594.07
Resident Activities $223.37 $317.57 $36.02 $16.80 $53.23 $646.99
Total for Other E
$500.00 $997.37 $427.42 $357.65 $400.00 $1,060.07 $0.00 $86.02 $133.97 $400.00 $0.00 $104.20 $84.57 $4,551.27
Payroll $1,767.29 $5,247.79 $3,642.72 $3,480.51 $3,326.42 $3,334.60 $6,505.09 $3,653.34 $3,896.96 $4,550.00 $4,106.43 $6,862.50 $2,775.00 $53,148.65
Postage and Delivery $40.21 $40.21
Repairs $0.00
Repairs - Other $334.92 $334.92
Repairs by Contractor $1,162.81 $1,037.50 $180.00 $307.92 $325.00 $1,175.07 $180.00 $4,368.30
Total Payroll & Repairs $1,767.29 $5,622.92 $4,805.53 $3,480.51 $4,363.92 $3,514.60 $6,813.01 $3,978.34 $3,896.96 $4,550.00 $5,281.50 $7,042.50 $2,775.00 $57,892.08
Security $220.00 $500.00 $29.19 $749.19
Supplies $396.64 $440.47 $837.11
Swimming Pool $0.00
Swimming Pool - Other $162.33 $447.86 $512.37 $207.22 $159.36 $1,489.14
Total for Sec & Pool $0.00 $616.64 $500.00 $0.00 $162.33 $0.00 $0.00 $0.00 $888.33 $512.37 $207.22 $188.55 $0.00 $3,075.44
Taxes $1,013.48 $2,026.96 $1,013.48 $1,013.48 $1,013.48 $2,485.57 $2,485.57 $2,485.57 $2,485.57 $2,485.57 $2,485.57 $20,994.30
UtilitiesUtilities - Other $8,686.04 $8,806.14 $2,488.50 $11,892.55 $3,989.14 $6,029.27 $3,058.25 $4,848.98 $5,539.36 $3,643.01 $1,142.91 $60,124.15
Total for Utilities $0.00 $8,686.04 $8,806.14 $2,488.50 $11,892.55 $3,989.14 $6,029.27 $3,058.25 $4,848.98 $5,539.36 $3,643.01 $1,142.91 $0.00 $60,124.15
Total Expense $2,467.29 $26,552.43 $17,205.15 $15,611.63 $22,950.09 $14,877.54 $19,328.65 $13,200.35 $16,010.16 $17,853.49 $16,452.26 $17,696.56 $7,445.95 $207,651.55
Net Operating Income $27,417.71 $4,511.57 $12,636.35 $15,809.62 $6,109.91 $14,915.46 $8,865.35 $12,987.65 $12,428.84 $16,531.51 $16,218.39 $8,437.44 $19,497.05 $176,366.85
Generated 10/20/2016 5:28 PM Page 2 of 2
Unit Lease Start Lease End Bed/Bath Unit SizeMarket
RentRecurring
ChargesDeposits
Held
01 1/13/2017 12/31/2017 2 Bed/1 Bath 850 $679.00 $679.00 $200.0002 7/28/2016 7/31/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0003 7/8/2016 7/31/2017 2 Bed/1 Bath 850 $679.00 $679.00 $200.0004 2/24/2016 2/28/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0005 11/29/2016 10/31/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0006 1/9/2016 month-to-month 2 Bed/1 Bath 850 $649.00 $649.00 $200.0007 11/30/2007 month-to-month 2 Bed/1 Bath 850 $649.00 $629.00 $225.0008 8/4/2014 month-to-month 2 Bed/1 Bath 850 $649.00 $649.00 $200.0009 1/20/2017 1/31/2018 2 Bed/1 Bath 850 $679.00 $679.00 $200.0010 5/6/2013 month-to-month 2 Bed/1 Bath 850 $649.00 $629.00 $200.0011 1/20/2015 month-to-month 2 Bed/1 Bath 850 $679.00 $629.00 $150.0012 8/12/2016 2/28/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0013 6/15/2016 6/30/2017 2 Bed/1 Bath 850 $649.00 $649.00 $0.0014 5/4/2016 5/31/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0015 8/10/2016 7/31/2017 2 Bed/1 Bath 850 $649.00 $679.00 $200.0016 12/12/2014 month-to-month 2 Bed/1 Bath 850 $649.00 $649.00 $200.0017 4/19/2013 month-to-month 2 Bed/1 Bath 850 $649.00 $629.00 $200.0018 8/2/2016 8/31/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0019 1/27/2016 month-to-month 2 Bed/1 Bath 850 $649.00 $649.00 $200.0020 2 Bed/1 Bath 850 $649.00 $0.00 $0.0021 10/7/2016 10/31/2017 2 Bed/1 Bath 850 $679.00 $679.00 $200.0022 1/17/2017 1/31/2018 2 Bed/1 Bath 850 $649.00 $649.00 $200.0023 2/1/2017 2/28/2018 2 Bed/1 Bath 850 $679.00 $679.00 $200.0024 11/3/2016 11/30/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0025 9/2/2016 8/31/2017 2 Bed/1 Bath 850 $649.00 $679.00 $200.0026 4/1/2016 3/31/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0027 2/26/2013 month-to-month 2 Bed/1 Bath 850 $649.00 $629.00 $368.0028 2 Bed/1 Bath 850 $649.00 $0.00 $0.0029 6/11/2013 month-to-month 2 Bed/1 Bath 850 $649.00 $629.00 $400.0030 9/10/2016 9/30/2017 2 Bed/1 Bath 850 $649.00 $649.00 $1.0031 4/5/2012 month-to-month 2 Bed/1 Bath 850 $649.00 $625.00 $200.0032 11/18/2016 11/30/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0033 5/1/2016 4/30/2017 2 Bed/1 Bath 850 $679.00 $679.00 $400.0034 9/14/2016 9/30/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0035 2/4/2013 month-to-month 2 Bed/1 Bath 850 $649.00 $649.00 $500.00
Kat Fincel $0.00Heather Cooper, Stephen $0.00Rodney Dunbar $0.00
Antoinette Williams $0.00*Nancy Oglesby $0.00Michael Hassanzedah-Aski $0.00
Shari Throckmorton $0.00VACANT $0.00Virginia Chambers, Tiffany $0.00
Angel Swift $0.00Michael Murillo $0.00LaTonya Williams $0.00
Shirley Carter $0.00Tyler Wintheiser, Dustyn $0.00LaWana Melton $0.00
Thomas Corradina $0.00Ellen Swake, Russell $0.00VACANT $0.00
harold Bass $0.00*Wanda Lee $0.00Stephanie Bufalo $0.00
Michael Dubose, Amber $0.00Kenneth Webster $0.00Jayme Reed- Jones, $0.00
Amanda Cook $0.00Jason Stanton $0.00*Milia Wilcox $0.00
David Tyes $0.00*Linda McGrath $0.00Toni Partridge $0.00
Mischa White $0.00Rolando Corea, Raul Corea $0.00John McDaniel $0.00
Old South ApartmentsSteffy Sisson $0.00Joe Dye, Victoria Gleason $0.00
Rent Roll Prepared By: Leed Investments LLCOK For Old South Apartments
As of 2/2/2017, Current leases, All units
Name Recurring Credits
Generated 2/2/2017 4:06 PM Page 1 of 2
Rent Roll Prepared By: Leed Investments LLCOK For Old South Apartments
As of 2/2/2017, Current leases, All units
36 11/18/2015 month-to-month 2 Bed/1 Bath 850 $649.00 $649.00 $200.0037 10/1/2016 month-to-month 2 Bed/1 Bath 850 $679.00 $679.00 $300.0038 9/3/2016 9/30/2017 2 Bed/1 Bath 850 $649.00 $649.00 $200.0039 11/7/2016 11/30/2017 2 Bed/1 Bath 600 $500.00 $500.00 $200.0040 11/8/2016 11/30/2017 3 Bed/1 Bath 1,400 $897.00 $897.00 $200.00A 01 6/1/2014 month-to-month 2 Bed/1 Bath 900 $679.00 $0.00 $0.00A 02 2/1/2016 month-to-month 1 Bed/1 Bath 650 $575.00 $575.00 $0.00A 03 3/25/2014 month-to-month 1 Bed/1 Bath 650 $575.00 $565.00 $205.00A 04 1 Bed/1 Bath 650 $575.00 $0.00 $0.00A 05 8/19/2016 8/31/2017 1 Bed/1 Bath 650 $575.00 $575.00 $150.00A 06 2/3/2011 month-to-month 1 Bed/1 Bath 650 $575.00 $565.00 $158.00A 07 11/15/2016 11/30/2017 1 Bed/1 Bath 650 $575.00 $575.00 $150.00A 08 8/19/2016 8/31/2017 1 Bed/1 Bath 650 $575.00 $0.00 $150.00A 09 11/19/2016 7/31/2017 2 Bed/1 Bath 900 $649.00 $649.00 $0.00A 10 9/1/2016 8/31/2017 1 Bed/1 Bath 650 $575.00 $575.00 $0.00A 11 12/1/2015 month-to-month 1 Bed/1 Bath 650 $575.00 $555.00 $0.00A 12 12/17/2013 month-to-month 1 Bed/1 Bath 650 $575.00 $565.00 $150.00A 13 5/3/2016 5/31/2017 1 Bed/1 Bath 650 $575.00 $575.00 $150.00A 14 1/25/2012 month-to-month 1 Bed/1 Bath 650 $575.00 $555.00 $150.00A 15 3/24/2014 month-to-month 1 Bed/1 Bath 650 $575.00 $565.00 $150.00A 16 10/19/2016 10/31/2017 1 Bed/1 Bath 650 $575.00 $575.00 $100.00A 17 4/1/2015 month-to-month 2 Bed/1 Bath 900 $649.00 $649.00 $200.00Total for 35826 $35,826.00 $33,005.00 $9,857.00
Diana Bias $0.00$0.00
*Andrea Webb $0.00*Platius Talton $0.00Royce Wells, Nakeitra $0.00
Cedrick Markham $0.00*Monica Saunders $0.00Charlotte Forbis $0.00
John Dickinson $0.00Nathan Cooper, Erin $0.00Garland Peugh $0.00
Kaylene Thompson $0.00*Steve Fisher, Rose Fisher $0.00Delores Brooks $0.00
Sharon Manton $0.00**Mary Sanchez $0.00VACANT $0.00
Ann Cade $0.00Reggie Adair $0.00Karie Manton $0.00
Walter Hampton, Danny $0.00Higinio Mazariegos $0.00Elayne Medina, $0.00
Generated 2/2/2017 4:06 PM Page 2 of 2
5137 East 47th Street | Tulsa, OK 74135
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITYFOR SALE | MULTI-FAMILY
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
4 DEMOGRAPHICS
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 4 | DEMOGRAPHICS
Demographics Report
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 19
1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total households 4,883 41,636 118,874
Total persons per hh 2.2 2.2 2.2
Average hh income $56,974 $67,580 $64,601
Average house value $157,747 $201,101 $200,655
1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
Total population 10,957 90,228 264,337
Median age 40.5 41.6 37.5
Median age (male) 37.1 39.3 35.7
Median age (female) 41.9 43.5 39.3
* Demographic data derived from 2010 US Census
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 4 | DEMOGRAPHICS
Demographics Map
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 20
* Demographic data derived from 2010 US Census
1 M1 Mileile 3 M3 Milesiles 5 M5 Milesiles
Total Population 10,957 90,228 264,337
Population Density 3,488 3,191 3,366
Median Age 40.5 41.6 37.5
Median Age (Male) 37.1 39.3 35.7
Median Age (Female) 41.9 43.5 39.3
Total Households 4,883 41,636 118,874
# of Persons Per HH 2.2 2.2 2.2
Average HH Income $56,974 $67,580 $64,601
Average House Value $157,747 $201,101 $200,655
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 21
5137 East 47th Street | Tulsa, OK 74135SUBJESUBJECT PROPERCT PROPERTTYY
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 4 | DEMOGRAPHICS
Rent Comps Map
5137 East 47th Street | Tulsa, OK 74135
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITYFOR SALE | MULTI-FAMILY
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.
5 ADDITIONAL INFORMATION
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 23
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 5 | ADDITIONAL INFORMATION
Additional Photos
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 5 | ADDITIONAL INFORMATION
Advisor Bio & Contact 1
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 24
Raymond LordManaging DirectorSVN | OAK Realty Advisors
As an apartment specialist with SVN OAK Realty Advisors, in Oklahoma, Kansas and Arkansas, Raymond’sprimarily focus on multi-family properties since 1987 and their dispositions for banks, private clients as well asInstitutional Investors. In addition he has an extensive background in the disposition of assets for FNMA, FDICand in the past the RTC and various institutional investors, and banking assignments throughout the Midwestand Southwest region of the U.S. His forte is financial analysis of investments and effective marketing ofassets both regionally and nationally. Raymond has transacted over $2.5 billion of transactions, includinginvestment sales, joint ventures, redevelopment and recapitalization advisory assignments.
SVN OAK Realty Advisors Tulsa OK Managing Director 2016NAI Commercial Properties Tulsa OK Principal 2000 to 2016 Commercial Real Estate Tulsa OK Investment 1997to 2000The Lyon Group Management CA President 1987-1997
American Village on the Lake 464 Units Tulsa OK Redfern Portfolio 1,465 Units Tulsa OK Woodlake Apartments799 Units OKC OK One Western & Quail Ridge 150,000 SF Office OKC Brookline Office Complex 74,000 SF OKCModern Bindery Industrial 100,000 SF Tulsa OKMacco Properties 1,541 units OKC OKCobblestone 482 Units Tulsa OKCase & Associates 585 Units PhoenixAmerican Residential 324 Units Tulsa OKReal Source 284 & 544 Tulsa / OKCSterling American 682 Unit Tulsa OK
Phone: 918.201.2005
Email: rlord@svn.com
Memberships & Affiliations
Multifamily Dispositions/Acquisitions ; PropertyRepositioning ;Court Appointed Approved Receiver
Licensed Real Estate Broker, OklahomaSVN OAK Realty Advisor'sNational Association of RealtorsRegional DirectorGreater Tulsa Association of Realtors
Fax: 918.201.2006
Cell: 918.850.1779
Address: 9321 South Toledo AveTulsa, OK 74137
EXCELLENT MULTIFAMILY INVESTMENT OPPORTUNITY | 58 UNITS | TULSA, OK
SECTION 5 | ADDITIONAL INFORMATION
Advisor Bio & Contact 2
All SVN® Offices Independently Owned and OperatedThe information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. 25
Benjamin DavisManaging DirectorSVN | OAK Realty Advisors
Ben is a Principal and Managing Director at SVN OAK Realty Advisors and has over 10 years of experiencespecializing in the marketing and sale of multifamily properties in the region.
Since he began his career in 2006, he has been involved in the sale of over $400 million commercial realestate transactions and has proven himself to consistently be one of the top multifamily brokers in the region.
Phone: 918.201.2005
Email: bdavis@svn.com
Memberships & Affiliations
Fax: 918.201.2006
Cell: 918.740.6288
Address: 9321 South Toledo AveTulsa, OK 74137