For Sale Golden Acres Portfolio - 35 Luxury Units Duplex ...€¦ · Casino and the new St. Anthony...
Transcript of For Sale Golden Acres Portfolio - 35 Luxury Units Duplex ...€¦ · Casino and the new St. Anthony...
Golden Acres Portfolio - 35 Luxury Units
1701 West MacArthur St. Shawnee, OK 74804
Mark White, CCIM
405- 605-5885
Jay Scott Brown
405- 414-8402
For Sale
Duplex Portfolio
Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.
HIGHLIGHTS
35 Class A Units - Best of market in location, quality of construction and amenities
New Construction - 2 Phases Completed in 2007 and 2017
High historical occupancy and proven operating fundamentals
Stable community - balanced tenant mix of professionals, families, students and retired
Excellent Unit Mix - 3 Bed, 2 Bath Units with full-sized 2-car attached garages
OFFERING TERMS
Purchase Price - $4,130,000
Cap Rate - 8.02%
Cash on Cash Return - 9.90%
For Sale
Duplex Portfolio
Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.
Portfolio boasts a distinct neighborhood configuration for efficiency in operations & marketing appeal
Excellent location - Convenient to Oklahoma Baptist & St. Gregory’s University - Access via both I-40 & HWY 177
Close proximity to major employers - TDK, Wolverine Tube , GE Oil & Gas, Citizen Potawatomie Nation, Kickapoo Casino and the new St. Anthony Shawnee Hospital Cancer Care Center
Golden Acres Portfolio - 35 Luxury Units
1701 West MacArthur St. Shawnee, OK 74804
Golden Acres
For Sale
Duplex Portfolio
Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.
Unit Amenities
Two-Car Garages Wood & Tile Flooring
Granite Countertops Sprinkled Units
Electric Fireplace Cathedral Ceilings
Stainless Steel Appliances Custom Pantries
Built In Microwave Double Sink Vanities
Washer Dryer Hookups Ceiling Fans
Energy Efficient Units Built In Shelving
High Quality Doors & Hardware Walk In Closets
Community Features
Community Tornado Shelter Splash Pad
Basketball Court Turfed Playground Area
Golden Acres Portfolio - 35 Luxury Units
1701 West MacArthur St. Shawnee, OK 74804
For Sale
Duplex Portfolio
Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.
EXECUTIVE SUMMARY
QUALITY
This portfolio of Class A duplex homes provides today’s investor an opportunity to own a well built, high quality asset in a market where
demand is currently outpacing supply. These two and three bedroom, 2-car garage duplexes successfully attract the high end rental
market in Shawnee, OK. Golden Acres Cottages are surrounded by brick pillar fencing and strategically arranged in a neighborhood lay-out with cul-de-sacs and intersecting streets rather than lined up in an impersonal way. A community tornado shelter, splash pad, bas-
ketball court, and children’s play area add to its attractiveness to residents.
Owner built and managed, Phase I consists of 20 units built in 2007. Phase II consisting of 15 units was completed in May of 2017.
STABILITY
Golden Acres Cottages occupy a unique niche in the Shawnee market. Demand is high for good quality rentals but the supply is limited.
Land scarcity and a protective community make for high barriers into this attractive submarket. Golden Acres vacancy is unusually low
and commanding the highest rental rates in the market. The demographics of the resident population is well diversified including stu-
dents, single professionals, retirees, families and a corporate unit.
DISTINCTION
The Owners have chosen to include all utilities in their rental contracts although each home is built with separate meters. This practice
is atypical for high end offerings however, the Owners have found that the convenience is highly valued by new and existing residents
alike. This strategy adds value because a premium is achieved in rents over the actual cost of the utility service and reduces costly turn-
over. This combination of factors speaks to the long term stability and profitability of this high quality investment.
Golden Acres Portfolio - 35 Luxury Units
1701 West MacArthur St. Shawnee, OK 74804
For Sale
Duplex Portfolio
Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.
Golden Acres Portfolio - 35 Luxury Units
1701 West MacArthur St. Shawnee, OK 74804