Deep Deuce Apartments

[Pete]

[category=]Housing[/category]
[category=]Deep Deuce[/category]



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Address: 314 NE 2nd Status: complete Owner: Cost: Architect: Start Date: Finish Date: 2001 Contractor: Height in Feet / Floors: Sq. Feet: 292,499 Acreage: 7.17 Other: 294 apartments

Information & Latest News

Links

County Assessor Record
Property website
Gallery

[Pete]

OCURA is in the process of putting out an RFP for this tiny bit of land adjacent to the apartments:

"Lot 24 in Block 15 is a vacant lot adjacent to one of the buildings of the Deep
Deuce at Bricktown apartments on NE 1st Street. An urban development (residential and/or
mixed-use commercial) will provide appropriate infill for this area. The issuance of an invitation
for redevelopment proposals will initiate the process for the development of this site."

[BoulderSooner]

interesting .. usually they don't issue an rfp unless someone is interested in the site

odot owns the lot just to the west (they own a small strip north south through out deep deuce and garret and company owns the big lot to the west of that

[catch22]

Any examples of what could be built on that site? Only about 30 feet by 130 feet.

[Teo9969]

Any examples of what could be built on that site? Only about 30 feet by 130 feet.

Deep Deuce Grill minus the Patio is about as narrow.

[Praedura]

Any examples of what could be built on that site? Only about 30 feet by 130 feet.

A brothel?

[Just the facts]

There are plans for a pretty good sized hotel across the street.

[Pete]

Interesting news... Seems pricey but hopefully we get a new owner who will make some improvements.



Deep Deuce at Bricktown Apartments on the market
By Brianna Bailey
Posted: 07:27 PM Wednesday, November 7, 2012

The Nebraska-based owners of the Deep Deuce at Bricktown Apartments have put the 297-unit complex on the market for $39.75 million.

[Just the facts]

At $134,000 per unit they should consider selling them individually.

[Just the facts]

I would be also.

[Pete]

You guys should get an investment group together, negotiate a good deal, then sell the units for $150K.

You could sell every one for that and make a good profit.

[jedicurt]

i would be very interested at that price as well

[CaptDave]

I think they would be sold in 12 months or less at the $135 - 150 K price point.

[Pete]

In addition to the units themselves, there is great opportunity to take the mass amount of surface parking and add more density, especially now that the surrounding area is really filling in:

[Teo9969]

I'd buy in...It wouldn't be anything substantial, but every little bit helps.

[Praedura]

Nice pics of the apartments, and Deep Deuce Grill:





Is this still on the market? Do the buyers get the grill too?

[Pete]

Deep Deuce Apartments did sell to a California-based REIT, and at a premium price:

Deep Deuce apartments in Oklahoma City sell for $38.2 million | News OK


Also, I'm hearing the new owners are planning major renovations to the interiors to keep pace with Level and all the other new construction in the immediate area.

[BoulderSooner]

to answer the other ? no they didn't buy the grill that building is not part of the deep deuce apts

[adaniel]

Deep Deuce Apartments did sell to a California-based REIT, and at a premium price:

Deep Deuce apartments in Oklahoma City sell for $38.2 million | News OK


Also, I'm hearing the new owners are planning major renovations to the interiors to keep pace with Level and all the other new construction in the immediate area.

Thats good to here. I've heard from some people who live there the interiors are a bit cheap and 90s-ish, especially compared to the newer Deep Deuce and Midtown properties.

At 130K per unit, these people should really look into converting some of the units into for sale condos.

[metro]

Now if they'd only cover over the ugly stucco sides of the apartments with brick, but maybe they'd argue the stucco competes with the stucco on Level.

[wsucougz]

I seem to recall an architect or builder on the forum years ago who said they weren't built to support a brick facade. Think it may have been blue dog.

[Just the facts]

Thats good to here. I've heard from some people who live there the interiors are a bit cheap and 90s-ish, especially compared to the newer Deep Deuce and Midtown properties.

At 130K per unit, these people should really look into converting some of the units into for sale condos.

These units are prime for condo conversion but the banking system isn't ready for it.

[BoulderSooner]

These units are prime for condo conversion but the banking system isn't ready for it.

banking system has little to do with it ...

[Just the facts]

banking system has little to do with it ...

Let me rephrase this post. Converting to a condo doesn't have much to do with the bank, but finding buyers who can get a condon loan and who would want to live in $150k condo would be a challenge.

[BoulderSooner]

Let me rephrase this post. Converting to a condo doesn't have much to do with the bank, but finding buyers who can get a condon loan and who would want to live in $150k condo would be a challenge.

not really at sub 200k prices these have great comps all around them and would sell very fast ..