Capstone Apartment Partners is pleased to present Stoneridge Apartments: a 1983 vintage, 128-unit community in Norman, Oklahoma. Conveniently located adjacent to Interstate 35 and Highway 9, allowing residents to easily access both the Norman, Oklahoma and the Oklahoma City MSA, as well as major employers for both cities. The lack of competing multi-family properties coupled with strong demographics and solid multi-family fundamentals provides a perfect canvas for new ownership. Stoneridge Apartments represents an exciting opportunity to purchase a high-quality, low maintenance, desirable asset which will allow new owners to focus on pushing rents and driving NOI growth through a market proven value-add initiative and other NOI growth initiatives.
- Large Scale Value-Add Opportunity
- Opportunity to Recapture Water and Sewer Expenses
- High-Quality Desirable Asset with Low Maintenance Exterior
- Exceptional Location, Fundamentals, and Demographics