Alexis Park

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.