Golden Acres Portfolio - 35 Luxury Units

1701 West MacArthur St. Shawnee, OK 74804

Mark White, CCIM

405- 605-5885

markw@compassproperty.net

Jay Scott Brown

405- 414-8402

jayscott.brown@gmail.com

For Sale

Duplex Portfolio

Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.

HIGHLIGHTS

35 Class A Units - Best of market in location, quality of construction and amenities

New Construction - 2 Phases Completed in 2007 and 2017

High historical occupancy and proven operating fundamentals

Stable community - balanced tenant mix of professionals, families, students and retired

Excellent Unit Mix - 3 Bed, 2 Bath Units with full-sized 2-car attached garages

OFFERING TERMS

Purchase Price - $4,130,000

Cap Rate - 8.02%

Cash on Cash Return - 9.90%

For Sale

Duplex Portfolio

Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.

Portfolio boasts a distinct neighborhood configuration for efficiency in operations & marketing appeal

Excellent location - Convenient to Oklahoma Baptist & St. Gregory’s University - Access via both I-40 & HWY 177

Close proximity to major employers - TDK, Wolverine Tube , GE Oil & Gas, Citizen Potawatomie Nation, Kickapoo Casino and the new St. Anthony Shawnee Hospital Cancer Care Center

Golden Acres Portfolio - 35 Luxury Units

1701 West MacArthur St. Shawnee, OK 74804

Golden Acres

For Sale

Duplex Portfolio

Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.

Unit Amenities

Two-Car Garages Wood & Tile Flooring

Granite Countertops Sprinkled Units

Electric Fireplace Cathedral Ceilings

Stainless Steel Appliances Custom Pantries

Built In Microwave Double Sink Vanities

Washer Dryer Hookups Ceiling Fans

Energy Efficient Units Built In Shelving

High Quality Doors & Hardware Walk In Closets

Community Features

Community Tornado Shelter Splash Pad

Basketball Court Turfed Playground Area

Golden Acres Portfolio - 35 Luxury Units

1701 West MacArthur St. Shawnee, OK 74804

For Sale

Duplex Portfolio

Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.

EXECUTIVE SUMMARY

QUALITY

This portfolio of Class A duplex homes provides today’s investor an opportunity to own a well built, high quality asset in a market where

demand is currently outpacing supply. These two and three bedroom, 2-car garage duplexes successfully attract the high end rental

market in Shawnee, OK. Golden Acres Cottages are surrounded by brick pillar fencing and strategically arranged in a neighborhood lay-out with cul-de-sacs and intersecting streets rather than lined up in an impersonal way. A community tornado shelter, splash pad, bas-

ketball court, and children’s play area add to its attractiveness to residents.

Owner built and managed, Phase I consists of 20 units built in 2007. Phase II consisting of 15 units was completed in May of 2017.

STABILITY

Golden Acres Cottages occupy a unique niche in the Shawnee market. Demand is high for good quality rentals but the supply is limited.

Land scarcity and a protective community make for high barriers into this attractive submarket. Golden Acres vacancy is unusually low

and commanding the highest rental rates in the market. The demographics of the resident population is well diversified including stu-

dents, single professionals, retirees, families and a corporate unit.

DISTINCTION

The Owners have chosen to include all utilities in their rental contracts although each home is built with separate meters. This practice

is atypical for high end offerings however, the Owners have found that the convenience is highly valued by new and existing residents

alike. This strategy adds value because a premium is achieved in rents over the actual cost of the utility service and reduces costly turn-

over. This combination of factors speaks to the long term stability and profitability of this high quality investment.

Golden Acres Portfolio - 35 Luxury Units

1701 West MacArthur St. Shawnee, OK 74804

For Sale

Duplex Portfolio

Information contained in this document has been obtained from sources believed reliable. While Compass does not doubt its accuracy, Compass has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to confirm its accuracy & completeness.

Golden Acres Portfolio - 35 Luxury Units

1701 West MacArthur St. Shawnee, OK 74804