Las Villas On Penn Ave

Immerse yourself in the vibrant community surrounding The Villas On Penn Ave. Located in the thriving Oklahoma City area, this dynamic neighborhood offers a diverse array of cultural attractions, dining hotspots, and recreational opportunities. Experience the lively local atmosphere at nearby landmarks such as the Oklahoma City Zoo, Penn Square Mall, and the Paseo Arts District, all just a stone's throw away from the property. With its convenient access to renowned educational institutions, healthcare facilities, and entertainment venues, this location promises an exceptional living experience that resonates with the modern multifamily/high-rise investor seeking an enticing and connected community for their tenants.Las Villas on Penn Ave is an 8-unit multifamily property totaling approximately 8,100 SF in Oklahoma City, currently 100% occupied. The property was renovated in 2024, including exterior upgrades, interior finish work, and major capital improvements, reducing near-term capital needs. The asset produces $62,400 in gross income and $39,517 NOI, offering in-place cash flow with operational stability. Located on N Pennsylvania Avenue within a dense infill corridor, the property is positioned to benefit from continued rental demand and surrounding population growth.