SOLD!! Shelby Place in Jenks

Shelby Place Townhomes

408-414 Aquarium Dr.

Jenks, Oklahoma

$545,000 purchase price
$54,500 per unit
Built in 1970
10 units

First Commercial Real Estate Services Corporation is pleased to announce the sale of Shelby Place Townhomes, a 10 unit property in Jenks, Oklahoma.

FCRE's M&M Group of Mike Marrara, Melanie Richardson and Jessi Ryel represented the Seller, a local investor. The Buyer is also a local investor. "Jenks is a popular and fast growing suburb of Tulsa, with families wanting to live there for the great school system," noted Richardson. "Shelby Place is a family friendly property, so there is always a strong demand for units in this price range," she added.

Shelby Place has been professionally managed by First Commercial Multifamily Management Services and is well maintained with a strong occupancy rate. The property consists of 10 two bedroom, one and a half bath townhome units. Rents range from $700 to $745. Units have been updated and include washer and dryers. Shelby Place has covered parking, as well as outside storage for the units.

The property is well located just a few blocks from the thriving Main Street area, and is just west of the nationally recognized Oklahoma Aquarium. "It's rare that a multifamily property becomes available in Jenks," said Marrara. "The location led to very strong interest and multiple offers for the Seller."

Commercial Title and Escrow Services Inc. handled the closing.

Tulsa Federal Credit Union provided the financing for the buyer.

Let us help you get the same great results with your multifamily property. Call one of our Multifamily Specialists today at 918-495-1551. They look forward to helping you with all your multifamily needs and would be happy to help you determine the value for a future sale or purchase.