1807 North Hartford Street, Stillwater, OK 74075

INVESTMENT FEATURES

  • INVESTMENT SALE: $7,400,000
  • Chapel Ridge I & II is a 152-unit multifamily community providing a unique mix of LIHTC and market rate apartment units and single-family homes
    • 128 apartment units
    • 24 single-family homes
  • The investment includes 38 two-story buildings totaling 149,259 RSF and is situated on a 10.92 AC lot
  • Community amenities:
    • Playground
    • Fitness center
    • Swimming pool
    • On-site laundry facility
    • On-site maintenance and leasing office
    • Clubhouse
  • Unit amenities:
    • Full appliance package
    • Washer/dryer connections
    • Extra storage
    • Patio/balcony
    • Walk-in closets
  • LIHTC property with excellent connectivity to shopping, dining, entertainment, and just 1.5 miles from Oklahoma State University
  • Stillwater has economic clusters in aerospace, agribusiness, biotechnology, printing and publishing, software, and standard manufacturing
  • Very attractive assumable debt with a 3.17% interest rate and 35-year amortization schedule
  • Contact Tom Bradley at tom.bradley@energyreco.com or (303) 880-0108