Lakeshore
Cleveland, OK
Overview
Summary
- Price Market
- Address 107 E Kaw Ave, Cleveland, OK 74020
- Total Units 30
- Rentable SF 27,000 SF
- Year Built 1983
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.
Key Facts
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
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