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Capstone is pleased to present Boulder Ridge Apartments, a 224-unit garden-style apartment complex located in the family-friendly submarket of Broken Arrow/East Tulsa. New ownership will benefit from the ability to push current rents to market levels. Immediate submarket competitors prove higher rents are achievable in the area. Additionally, Boulder Ridge is ideally positioned to benefit from a full value-add initiative. Current furnishings are original from 1983 and allow new ownership to realize true value-add upside. Long term ownership, combined with continuous professional management, has kept the property in great condition, leading to minimal deferred maintenance. Finally, the asset offers high connectivity to restaurants, major employment opportunities, and one of Oklahoma’s top school districts.
Long Term Ownership & Well-Maintained Property
Desirable Submarket/Broken Arrow Schools
Attractive Income Potential
The Possibility of Long-Term Capital Appreciation
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