East Terrace Apartments is a 60-unit multifamily investment opportunity in Ponca City, Oklahoma. Originally built in 1984 as an affordable property, this property has undergone a recent conversion to market-rate housing. After the conversion, the entire leaseup process took less than five months. Ponca City also has a market occupancy of 97.1%, proving significant demand to push rents and drive income. East Terrace is the opportunity that buyers dream of; it provides immediate cash flow while still offering tremendous upside potential.