6710 Utica PlTulsa, OK 74136

Property Details for 6710 Utica Pl

Year built

2006

Lot size

1.87 AC

Property type

Apartment buildings

Description

This exceptional 31-unit apartment building in Tulsa, Oklahoma presents a compelling investment opportunity. Built in 2006, the property comprises ten buildings situated on a 1.87-acre lot at 6710 S Utica Pl, Tulsa, OK 74136. Each unit is a three-bedroom, two-and-a-half-bathroom townhome featuring a two-car garage and a private rear patio with stair access. Currently boasting 100% occupancy, the property offers significant upside potential. The average effective rent of $1,296 per month is below market average, allowing for substantial rent increases. A rent adjustment to market rates of $1.07 per square foot would generate an additional $117,727 in annual gross income. Recent capital expenditures exceeding $400,000 have enhanced the property, including new roofs (2024), exterior paint (2024), Hardi Plank siding (2023), and backyard decks and stairs (2023). The property benefits from its convenient location near major retailers like Walmart, schools, Oral Roberts University, and Oklahoma Surgical Hospital, as well as access to the Greenway Trail and RiverParks Greenspace network. The asking price is $5,500,000. This well-maintained property offers a blend of immediate income and long-term growth potential. The zoning is RS-3 (Residential Single-Family).

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.0656

Longitude

-95.9656

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