1501 Nw Kingsbury Ave, Lawton, OK 73507

$90,000
: 3
BD
: 1
BA

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List Price: $90,000
MLS#: 171753
Status: ACTIVE
Type: Multifamily
Subtype: Residential Income
Year Built: 1942
Bedrooms: 3
Bathrooms: 1
Acres: 0.21
County: Comanche
Area: Lawton Heights
City: Lawton

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Property Description

Income-producing triplex opportunity featuring a duplex and a separate single-family home on the same lot. All three units offer one bedroom and one bathroom. Both sides of the duplex are currently occupied, providing immediate rental income, while the separate house is recently vacant and ready for a new tenant or owner-occupant. Tenants pay their own utilities, with the exception of water, which is shared through one meter. The property is currently producing just over the 1% rule with only two units occupied and has the potential to perform well above the 1% rule once all three units are rented. A new roof may also be negotiable as part of the purchase. Call Evan Cottrell at 405-201-9118 for additional details or to schedule a showing.

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