Level 2 Apartments

124 NE 23rd St., Moore, Oklahoma 73160
Description

Level 2 Apartments contain 44 units. The unit mix consists of 12 one-bedroom units and 32 two-bedroom units. This property was partially remodeled through 2018 and 2019, putting in over $750,000 in renovations so far. Several systems have been updated with new plumbing, new central HVAC, and new exterior stairs. The updated interiors include brand new cabinetry, countertops, luxury vinyl tile, and LED lighting. Additionally, there are 17 units left to be renovated for the new owner. There is over $50,000 in cabinets, fixtures, and flooring to match the already renovated units. The Level 2 Apartments are a very unique opportunity where the owner has completely fixed the bones of the property letting the new owner finish the value-add and capture the rent premiums for the area.

 

  • Located directly next to a major highway with over 104,000 daily cars

  • Renovated in 2018 with 17 units left to renovate

  • New roof, plumbing, and HVAC

  • Available storage units to rent to tenants

  • Opportunity to implement RUBS for water bill

  • Currently rented below market

  • Laundry contract expiring allowing new ownership to capture laundry income

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