Timbers North Apartments 2201 N 14th St Immeuble residentiel 100 lots À vendre Ponca City, OK 74601

Investment Highlights:
1 – Upside in Professional Third-Party Management
The property in being self-managed which allows for new ownership to implement a dedicated third-party management team on day one to boost occupancy. Once implemented, the professional third-party management team under the direction of new ownership can increase additional income and NOI, allowing for the ability to implement other community-enhancing strategies over the hold period freely. These strategies include Daily Pricing, Strategic Marketing, and increasing Other Income. Timbers North presents a significant opportunity to leverage the high market occupancy (97.1%) via these strategies.
Daily Pricing:
The upside for new ownership to optimize revenue and lease expirations by implementing a daily pricing system
Strategic Marketing:
Ability to implement a thorough and proven marketing campaign that highlights the attractive unit size and on-site amenities of the community
Other Income
The ability to increase other income by implementing or increasing other income fees.
In place fees to be increased: Convenience Fee, Eviction Fee, Late Fee, Laundry Fee, Month to Month Fee, NSF Fee, and Pet Fees.
News fees to be implemented: Parking Fee, Furniture Rental Fee, and Administrative Fees.
Investment Highlight 2 – Business and Employment in Ponca City

Ponca City as a market has begun to tap into its potential by incentivizing companies to relocate. Coupled with local incentives, the Oklahoma Department of Commerce, has some of the most aggressive business incentive programs in the nation. The “Quality Jobs Act” program is an internationally recognized program that provides a cash rebate of up to 5% for up to 10 years for qualifying companies. Ponca City is also home to one of the finest workforce training centers in the country. Pioneer Technology Center, a campus of the Oklahoma Department of career and technical education, can provide customized training in a wide range of disciplines to prepare your workforce for the fast changing, adaptive workplace of tomorrow. In addition, the University center in Ponca City provides several degree programs to further accelerate the growth of business opportunities.

Investment Highlight 3 –Strategic Location
Timbers North Apartments has an ideal connection to Highway 77, the main thoroughfare connecting Ponca City to various interstate highways. As a result, residents of Timbers North can easily access Downtown Ponca City for numerous employment and retail hubs. Additionally, Timbers North offers residents a rare opportunity to be within a five-to-ten-minute car ride to over thirty parks, two lakes, various dining, and retail options. Lastly, Timbers North location affords residents the ideal proximity to employment, such as, the Pioneer Technology Center, Alliance Health Ponca City, and the Ponca City School System.

Investment Highlight 4 – Superior Unit Size & Light Value-Add
Timbers North Apartments has a unique advantage in having the largest average unit size in the Ponca City Market. Timbers North average unit size is 943 square feet while the average of the comps is significantly lower. The advantage Timber North has in unit square footage coupled with the on-site amenities; Timbers North will be able to capitalize on rent premiums up to $125 per unit not yet realized by current ownership. Additionally, to achieve these rental premiums and fully utilize the above average unit size a light value-add program as shown below could be implemented by new ownership.
Example of Light Renovations
Fresh Coat of Paint Throughout
Granite-Style Countertops
Vinyl Wood Flooring
Sand and Paint Cabinets Doors and Boxes
Modern Light Fixtures
Plantation Blinds