1401 Sw E Ave, Lawton, OK 73501

$640,000
: 16
BD
: 16
BA
: 8,640
SqFt

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List Price: $640,000
Price Change: ▼ $10,000 1788305969
MLS#: 171560
Status: ACTIVE
Type: Multifamily
Subtype: Residential Income
Year Built: 1983
Bedrooms: 16
Bathrooms: 16
Acres: 0.72
Living Area: 8,640
County: Comanche
Area: Lloyd
City: Lawton

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Property Description

Don't miss this excellent opportunity to own The Park Apartments, a 16 unit multifamily property offering immediate income potential. With 14 of the 16 units currently occupied, this property provides established cash flow with additional upside through the remaining vacancies. Many updates have already been completed throughout the property, making it an attractive investment for those looking to expand or begin a multifamily portfolio. Rent rolls are available for buyer review, and the occupied units currently generate monthly rents starting at $650 or more, offering a solid foundation for future income. As an added benefit, the seller is offering a $10,000 maintenance and upgrade allowance with an acceptable full-price offer, providing the opportunity to make additional improvements or enhancements. Whether you're a seasoned investor or looking to purchase your first multifamily property. The Park Apartments offers income-producing potential in one investment. For more information or to schedule a private showing, contact: Lauren Brown, REALTOR Century 21 First Choice Realty 501-691-4071 Buyer to verify all information, including rents, lease terms, square footage, occupancy, and financial information during the due diligence period.

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Additional Information

Unexempt Taxes: $6,716
Lot Size: 31,363
Lot Description: Landscaped
Interior Features: Ceiling Fans
Flooring: Vinyl
Foundation: Slab
Roof: Composition
Elementary School: Lincoln
Middle School: Central
High School: Lawton
Possession: Close Of Escrow