Pennington Place Apartments is a renovated 40-unit multifamily community located along the NW 23rd corridor in Oklahoma City. Priced at $3,795,000, the property delivers a compelling 7.23% cap rate based on in-place T-12 financials, providing investors with immediate cash flow and additional value-add upside. The asset underwent a $2.566 million full renovation in 2022, including new roofs, HVAC systems, plumbing and sewer upgrades, full electrical modernization, all-new interiors (sheetrock, paint, cabinets, fixtures), new flooring, appliances, stairwells, sidewalks, and parking lot improvements. Virtually every major component of the property has been replaced or upgraded, dramatically reducing future capital needs.