Cherry Street, Oklahoma Information
Cornhole tournaments, fall festivals, breweries, local gatherings, laughter, and entertainment—all things that come to mind when thinking about this quaint, but popular little section of Oklahoma. The Cherry Street District is the central area comprised around historic 15th Street near downtown Tulsa. The most popular area here, where everyone intermingles and enjoys one-of-a-kind happenings, is typically defined as the area on 15th street between Utica and Peoria. This district has been catering to tourists and locals alike for decades now, though it certainly deserves this newfound success.
Cherry Street, Oklahoma Details
This area has also become one of Tulsa’s major avenues for the hottest new bars and entertainment, with seemingly more opening every month. The area is similarly popular for the many farmers’ markets, which offer fresh produce, local cheeses, and other delectable items unique to the area. Look for these pop-up markets starting early April, all the way until the last crops ripen in late fall. You’ll not only find great, high-quality items here, but also potentially rub elbows with a local or two for an inside scoop on the best lunch deals and happy hours in town.
Visitors may also opt to tour the surrounding neighbors to see the old architecture and feel the vibrant atmosphere that radiates from the Cherry St. District charm. The old school feel blends with modern renovations for a truly unique landscape. The small area stands under one square mile and is home to over 18,000 people. The median resident age is 32 years. Over 41% of the adult population has a bachelor’s degree or higher. This is reflected in the job sector, with nearly 70% of all jobs being white-collar positions.
Cherry St. Property Manager
The Cherry St. district has made huge renovations to public and private structures over the past 40+ years. The area was home to only one restaurant in 1978 and lacked any other forms of entertainment, shopping, or eateries. It was not expected to thrive much longer. However, small bakeries started opening in 1982. The newness of these stores strummed up enough buzz in the area to attract other businesses and locally owned shops. The commercial commitment of these stores put Cherry St. on the fast-track to success. Unfortunately most of those original shops have closed over the years, but the emergence of those original attractions allowed the district to transform into the popular location it is today.
The majority of homes in the area were built during the early 1920s to 1930s. Most were either renovated or restored after the emergence of Cherry St. as a thriving Oklahoman hotspot. Many are considered single or multi-family homes, though a few apartment homes and complexes are now scattered throughout the district. They aesthetically maintain the local charm of the area, while making the space more affordable for younger families looking to experience the Cherry St. charm. Limited land for sale in this district means few of these complexes or new houses will be constructed in the coming years, so don’t anticipate further commercialization or extensive construction zones.
Families will also take comfort in sending their children to the closest schools in the area. Lee Elementary and Thomas Edison Preparatory High have earned high Great Schools ratings currently and in the past, while Edison Preparatory Middle is an up-and-coming educational powerhouse. The Cherry Street District is also close enough to Tulsa to scope out more than 25 other public and private schools within a reasonable proximity.
The latest US Census bureau reports the median household income to be just over $65,000. However, the average household income has been noted at more than $93,000. The high income in the area has lead to slightly higher rent and mortgages than in the surrounding Tulsa area, though the centralized location more than makes up for this.
The average home value in the Cherry St. District steadily remains at $140,000 a year or more. The average cost of a 3 bedroom, 2 bath rental property in this district stands between $1,000-1,200, depending on proximity to Cherry St. Studio and one-bedroom rentals cost slightly less than that, between $600-750 on average. The plethora of property types ensures that anyone looking to make Cherry Street a home will find the perfect fit.
Cherry Stree Property Management
Our property management team specializes in residential areas throughout Cherry Stree, OK. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Cherry Stree area property management services.
I would recommend Keyrenter to anyone! I have had rental properties for several years and have gone through the process of finding good renters many times. I've done it on my own, which has its positives and negatives. . . it takes up so much time and effort and can be a long drawn out process, but I usually end up with great renters.
Kimber C, Satisfied Client
Mat has been nothing short of extraordinary. As an investor, I’ve worked with multiple property managers in the past...he is the best by far. Prior to working with Mat, I was working with another PM company here in Tulsa. The experience with the other company was very poor, my properties were mismanaged and I was seriously considering selling my rentals.
Muhannad S., Satisfied Client
After self-managing my properties for a few years, I finally handed over the keys to Mat and his team and they've made life so much easier.
Chris L., Satisfied Client
I bought a home in Tulsa that mat oversaw the renovation and renting of. All in was three months from start to completion. It was smooth and easy. Two thumbs up!
Michael B., Satisfied Tenant
Tenant Placement
Keyrenters tenant placement service is designed to provide landlords with a solution to the most difficult problem, finding a good tenant. Our leasing agents will not only locate good tenants, we use a thorough screening process and can even negotiate fair lease agreements.
Maintenance & Inspections
Our maintenance and inspection services are designed to keep the value of your property intact. We offer a full service options to provide our clients with only the best service possible. We will handle all of the difficult problems related to caring for the property and tenants.
Accounting
Do you hate collecting monthly checks? Keyrenter provides accounting services to make sure you are paid on time, and your tenants are upholding lease agreement. We can assist with a variety of accounting options from monthly billing to taxes and other financial needs.
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