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Capstone is pleased to present Harper’s Lodge, a gated and access controlled 88-unit apartment complex built in 1978. Situated in Tulsa, OK, Harper’s Lodge is a well-maintained asset, having undergone significant recent capital expenditures, which allows new ownership to enjoy minimal deferred maintenance. The property is primed for new ownership to complete the proven value-add initiative by implementing washers and dryers in the remaining units, offering the potential for up to a 24% ROI. Additionally, Harper’s Lodge is within minutes of St. Francis Hospital, one of Tulsa’s largest employers as well as employment hubs along Hwy 51 and Interstate 44. The property has high occupancy, demonstrating strong tenant demand and the property’s excellent market position.
Investment Highlights:
Significant Recent CapEx/Well-Maintained Property
Simple Proven Value-Add
Strategic Submarket Location