Contacts
SVN OAK REALTY ADVISORS
SVN OAK REALTY ADVISORS
SVN OAK REALTY ADVISORS
SVN OAK REALTY ADVISORS
Property Details
- Property Type Other
- Property Size 86,228 SF
- Units 128
- Date Updated Jul 11, 2025
SVN Oak Realty Advisors is pleased to present the exclusive offering of Alexis Park Apartments, a 128-unit value-add multifamily community located in the growing East Tulsa submarket. Built in 1979, the property features spacious one- and two-bedroom layouts, classic interiors primed for renovation, and a strong in-place rent roll with immediate cash flow.
The property offers investors a proven renovation strategy with substantial upside. The value-add program, budgeted at $7,500 per unit, targets modern interior upgrades and amenity enhancements projected to yield average rent increases of $190 per unit. Renovated units ar,e underwritten to $1,050/month (or $1.49/SF), delivering a compelling 30.36% ROI on renovation spend.
At the proposed price of $10,000,000 ($78,125 per unit), the investment delivers immediate in-place yield with a Year 1 proforma NOi of $844,472, equating to an 8.44% cap rate. Projected returns rise to $1,031,758 NOi by Year 3, stabilizing at a 12.50% cash-on-cash return and 1.97x DSCR. The offering benefits from competitive positioning and below-market rents with clear upside supported by local comps.
Positioned in a high-occupancy, workforce-driven corridor with limited new supply and close proximity to major employers and infrastructure, 12525 East 41 Street represents a scalable, high-yield investment opportunity supported by favorable fundamentals and long-term demand growth.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
52/100
Walk Score ®
-
24/100
Transit Score ®
-
45/100
Bike Score ®
Location
- City Tulsa, OK
- Neighborhood Park Plaza East Rec
- Zip Code 74146
- Market Tulsa
Points of Interest
-
Train Stop
8.42 miles
-
QuikTrip
0.87 miles
-
Kum & Go
1.55 miles
-
QS Foods
1.99 miles
-
Sinclair
2.10 miles
-
Tesla Supercharger
5.84 miles
-
Francis Energy
5.91 miles
-
ChargePoint
7.07 miles
-
Frances EV Charging
7.20 miles
-
Merit Corporate Park
0.41 miles
-
Briarglen Elementary School
0.64 miles
-
Bill Boevers Soccer Complex
0.85 miles
-
Mount Olive Lutheran Church
1.00 miles
-
Disney Elementary School
1.53 miles
-
Columbus Elementary School
1.85 miles
-
Zip's Car Wash
2.56 miles
-
Robert B Grove Elementary School
2.61 miles
-
Quality Inn
1.11 miles
-
SureStay Plus Hotel by Best Western
1.11 miles
-
WoodSpring Suites
1.16 miles
-
Clarion Hotel
2.23 miles
-
Econo Lodge Broken Arrow - Tulsa
2.23 miles
-
Hampton Inn
2.32 miles
-
Best Western Plus Woodland Hills Hotel & Suites
2.61 miles
-
Oaktree Inn
2.92 miles
-
Comfort Suites
2.94 miles
-
Homewood Suites
2.95 miles
-
Scissortail Square
0.14 miles
-
Supermercados Morelos
0.95 miles
-
Reasor's
1.00 miles
-
Garnett Plaza
1.21 miles
-
Walmart Neighborhood Market
1.30 miles
-
ALDI
1.89 miles
-
Nam Hai
1.96 miles
-
Eastland Center
2.02 miles
-
Executive Mall
2.03 miles
-
Eastgate Metroplex
2.05 miles
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.
