New Offering: Strong Value-Add Opportunity in Elk City, OK | 1980s Construction With Large Floor Plans

Download Offering Materials: Park Place & Caman Townhomes

Capstone Apartment Partners is pleased to present Park Place & Caman Townhomes: a 1985 vintage, 106-unit portfolio in Elk City, Oklahoma. Both properties are located within one mile of Historic Route 66, one of Elk City’s main thoroughfares and retail corridors. Great Plains Regional Medical Center, one of Elk City’s primary employers, is less than 5 minutes away from both properties and provides substantial employment to the area. The portfolio offers well-designed floorplans, with 96% 2-bedroom and 3-bedroom units. With an attractive unit mix and multiple avenues to drive NOI growth, new ownership can focus on stabilizing the property, pushing rents, and implementing a professional third-party management team to solidify Park Place & Caman Townhomes as a market leader in rental rates within the Elk City apartment market.

Investment Highlights: 
Favorable Unit Mix
Value-Add Opportunity
Primed to Capture Oil Market Growth
Third-Party Management