Listed by Coldwell Banker Select Real Estate Tulsa, LFC Marketing Services, Inc.
$1,799,900
40-Unit Value-Add Apartment Building
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,720
Units 40
Occupancy 90%
Price per SqFt $55
Class C
Year Built 1963
Year Renovated 2023
Buildings 5
Stories 2
Acreage 1.710
Parking Spaces 2 spaces
Parking Per SqFt 0.06
Multifamily | 40 Units | $44,998/unit
Marketing description
- Heavy traffic area
- Capital Improvments 2.5m +
- Good tenant base
Investment highlights
FRE Auctions & Coldwell Banker Select are pleased to present the Online Auction Plus event for the opportunity to purchase Pennington Place Apartments "property", a renovated 40-unit value-add apartment building in Oklahoma City, Ok.
Pennington Place Apartments presents a rare opportunity to acquire a value-add multifamily asset with a clear path to long-term stability and upside. The property is positioned for a full transformation, with approximately $2.5 million in planned and/or completed capital improvements designed to modernize both major systems and interior finishes.
LINK TO AUCTION: www.FRE.com/563D11
Listing Contacts
Listed by Coldwell Banker Select Real Estate Tulsa, LFC Marketing Services, Inc.
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
C-3 CommercialSpecial CommercialCommunity Commercial District
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 114 uses
View all 114 uses Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Is there information that looks off?
