Contacts
Sean Scott
GREA
(972) 996-6233
Esther Cho
GREA
(972) 449-0440
Nicholas Brown
GREA
(972) 532-6126
Property Details
- Property Type Other
- Property Size 107,157.6 SF
- Units 30
- Year Built 1983
- Date Updated Apr 26, 2024
- Website lakeshore.sharplaunch.com
Lakeshore Apartments is a 30-unit market-rate multifamily community located in Cleveland, OK, a community within the Pawnee County submarket of Tulsa, OK. The garden-style property was constructed in 1983 and is comprised of 4, one-story brick buildings with pitched composition shingle roofs. A separate property management office building is on-site, and ample parking is provided. Spacious one- and two-bedroom floor plans are offered with an average area of 848 square feet each. The well-maintained grounds span 2.46 acres and feature open green spaces with a variety of mature shade trees accenting the property.
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Highlights
- Owner-Managed 30-Unit Asset Built in 1983, Located in Cleveland, OK (Tulsa MSA)
- Stabilized with Historic Occupancy of 90%+
- Day 1 Cashflow with Upside and Opportunity to Increase Income Through Additional Fees
- All 30 Units are Classic Interiors that can be renovated (In- Place Rents are $172 Below Competitors)
- New Leases are Being Signed at$650 for 1BR and $750 for 2BR
- Individually Metered with Ability to Bill Back for Water & Sewer up to $34,000 per year
- Pawnee County has 6.1% YoY Rent Growth and 94.1% Average Occupancy
Getting around
-
39/100
Walk Score ®
-
39/100
Bike Score ®
Location
- City Cleveland, OK
- Zip Code 74020
- Market Tulsa
Points of Interest
-
Billy B's
8.34 miles
-
Indian Electric Cooperative
1.95 miles
-
Walmart Supercenter
0.81 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.