3732 NW 23rd St - Apartments FOR SALE


Oklahoma City, OK 73107- Musgrave-Pennington
$1,799,000 USD
949-615-0047
3732 NW 23rd St, Oklahoma City, OK for Sale
$1,799,000 USD
Apartments - FOR SALE
1/22
null | 15.29% Cap Rate

3732 NW 23rd St
Oklahoma City, OK 73107
Musgrave-Pennington


HIGHLIGHTS

  • Heavy traffic area
  • Capital Improvments 2.5m +
  • Good tenant base

OVERVIEW

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/563D6

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

40

PRICE/UNIT

$44,975

CAP RATE

15.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

40-Unit Value-Add Apartment Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

RM1

APN/PARCEL ID

133801055

ASK ABOUT THIS PROPERTY

Patrick KelleherLFC Communications, Inc., Dba FREMore Info
949-615-0047

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Patrick KelleherLFC Communications, Inc., Dba FREMore Info
949-615-0047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.