Chula Vista & Villa Verde

724 SE 59th St, Oklahoma City, OK 73129, United States

Chula Vista & Villa Verde

2 Property Value-Add Portfolio, Benefiting from Strong Multi-Family Fundamentals, Employment, and Strategic Location within Oklahoma City.

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Deal Size
$14.4 M
Deal Size
Property Type
Deal Type
Risk Profile

Capstone Companies is pleased to present Chula Vista and Villa Verde: 1968 & 1970s vintage, classic value-add assets in Oklahoma City, Oklahoma. Chula Vista (61-units) and Villa Verde (131-units) present phenomenal potential to investors seeking entry into the resilient South Oklahoma City multi-family market. These assets possess an in-place value-add program, which if completed, could reap new ownership a +25% ROI. Having recently completed multiple significant CapEx investments, current ownership has done much of the heavy lifting including new roofs on the entire property and updating all but 33 units. This allows new ownership to enjoy minimal deferred maintenance throughout ownership. These well maintained properties have been able to hold a combined average occupancy above 92% over the last ten months. Additionally, the property is strategically located within Oklahoma City, with an abundance of employment opportunities and unmatched connectivity to various interstate highways. Chula Vista and Villa Verde are well positioned to take advantage of the multiple new development projects in the immediate area.