Who is currently buying in TX?

After 3.5 years of being a part of Multifamily Strategy and four purchases totaling 26 units—almost all of which needed some form of renovation—I was looking for something that wasn’t another heavy value-add project.. I knew what I wanted in my next property, and I learned again the value of networking when a gem of a pocket listing came my way through a broker: a 20-unit mixed-use property in the Midtown District of Oklahoma City. TL;DR: I’m raising equity for a 20-unit mixed-use property in Midtown Oklahoma City that is under contract for $2.75 million. It offers 100% residential occupancy, a 1.30 day-one DSCR, limited immediate capex, and multiple paths to operational upside. Projected investor returns include a 6% preferred return, 17.7% IRR, and 2.03x equity multiple. I’m working to secure commitments within the next two weeks for a mid-October closing. Message me if you’re interested in learning more. I wanted day-one cash flow. ✅ This property is underwritten at a 1.30 DSCR from day one. I wanted strong occupancy. ✅ All 20 residential units are occupied, and 1,000 of the 2,800 square feet of commercial space is leased. The remaining commercial space gives us additional upside. I wanted instant equity. ✅ The property previously appraised for approximately $3.7–$3.8 million in 2024 compared with our $2.75 million purchase price. I wanted upside. ✅ This property has multiple paths to create value through better operations—not through a major renovation plan. The simplest is gradually bringing residential rents toward market as leases renew; current rents are approximately $100–$150 per unit below market. Beyond that, we can lease the remaining commercial space, generate additional income from the parking garage, and explore short- or mid-term rental strategies. The upside comes from operating an already-great property more effectively, without depending on significant capital expenditures. I wanted limited capital expenditures. ✅ All residential units were renovated with luxury finishes in 2023, and our inspection confirmed that the property is what it appears to be, with very little immediate capital work anticipated.

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