Six 100 Apartment Homes

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  • Garden

    TYPE

  • 271

    UNIT

  • 1972

    YEAR BUILT

  •  1.8x

    EQUITY MULTIPLE

  •  22%

    CASH-ON-CASH

OPPORTUNITY BREAKDOWN

Location: Oklahoma City, OK

Type: Garden Style

Date Purchased: December 2018

For: $10,350,000

Date Sold: October 2020

for $16,500,000

Property Metrics

Equity Multiple 1.8x

IRR 39%

Cash-on-Cash 22%

Six100 Meridian remained largely unchanged since its original construction. Poorly managed, the property had high vacancy and poor curb-appeal. Being in a prime area for growth. 180 acquired this property at a discount, directly from a 40 year owner, with plans to make it desirable for tenants and investors alike.

With professional management, extensive maintenance reparations, exterior and interior upgrades. Six100 quickly saw rental increases up to 10%. Within 22 months of acquisition the property was sold at a strong profit.