The Villas on 50th

The Villas on 50th

Oklahoma city, OK
Available
  • Property Type: Apartments
  • Year Built : 1969
  • Property Size: / 114 Units

Overview

Capstone Apartment Partners is pleased to present The Villas on 50th: a 114-unit apartment community located in growing Oklahoma City. The Villas on 50th represents a rare opportunity to acquire a highly desirable garden-style asset in ideal proximity to an abundance of high paying jobs; including walking distance to Integris Health: a 511-bed acute care hospital and the largest Oklahoma owned not-for-profit health system in the state. Additionally, Villas is within a mile of interstate access, thereby making most of Oklahoma City accessible within a short drive. The Villas on 50th offers tenants a premier rental option in the area with beautifully matured landscaping, oversized floor plans with sunken living rooms, and premium finishes proving upside in select units. Current ownership began rolling out RUBS on newly signed leases and has successfully implemented it on 20% of the property. Lastly, the central Oklahoma City submarket offers stable historical growth, with 29 years of positive rent growth, and the MSA as a whole boasts the third lowest unemployment in the nation. This gives buyers comfort in the future for Villas amid any economic uncertainty.

Investment Highlights

Well-Maintained Asset

Upside in Completing RUBS Implementation/Value-add

Central OKC Submarket rent growth

Strong Employment and Attractive Location

Contact Information

David Dirkschneider Managing Director P: 405.514.0340
O: 800.746.3175 ext. 744
davidd@capstone-companies.com
William Forrest Managing Director P: 405.210.3298
O: 800.746.3175 ext. 746
wforrest@capstone-companies.com
Mike Marrara Director P: 918.230.3875
O: 800.746.3175 ext. 745
mmarrara@capstone-companies.com
Chris O'Hare Investment Sales Advisor P: 918.812.9681
O: 800.746.3175 ext. 713
cohare@capstone-companies.com
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