28th Street Apts LLC is an investment in a stabilized, cash flowing apartment community, called The Capitol on 28th Apartments. The four building, 231-unit Class B property benefits from a Class A location near major employment hubs only 5 minutes from downtown Oklahoma City.

The community includes large floor plans, balconies/patios, washer and dryer hookups in select units, a fitness center, resort style pool, resident lounge and dog park. The property consists of 22 studios, 138 one-bedroom units and 71 two-bedroom units and an average of 720 square feet per unit. Renovations are planned to upgrade unit finishes as well as community amenities. 

The Capitol is located within walking distance of the Oklahoma State Capitol and numerous satellite facilities. Immediately south of the State Capitol is the Oklahoma City Innovation District which is a dynamic business and research incubator home to organizations spanning Oklahoma’s diverse sectors – health, energy, aerospace, technology, research, academia, and more. The nearby Central Business District is the economic engine of Downtown Oklahoma City and is home to nearly 44,000 employees. Residents benefit from exceptional access to the area’s employment, retail, and nightlife, with over 8,100 businesses within a three-mile radius. Entertainment options within a short drive include more than 400 restaurants and bars, and Bricktown, a lively entertainment district home to restaurants, piano lounges, and chic wine bars. The Capitol is approximately 2.5 miles west of Interstate 35, providing quick access to all of Oklahoma City.

This property was purchased in February 2024.