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    1401 SW E Ave

    Lawton, OK 73507
    • $595,000
    • STATUS: Active
    • ON SITE: 28 Days
    • MLS #: 159506
    UPDATED: 63 min ago
    $595,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Nice investment opportunity with 16 units, ready to rent. The owners have investment energy and commitment into getting these apartments market ready. With each vacancy they replaced the flooring, did a whole apartment interior paint. When they initially purchased the properties, rents averaged $280-$320 per unit, per month. They hired White Glove property management to help turn the properties around. The owners are staunch supporters of providing quality, affordable, clean living accommodations. As the units vacated, flooring and paint was completed, rent increased to $525.00 per month. The owners commitment to quality of life is proven in their results which includes 99% occupancy. The owner, working with their property management team, has changed the name and the reputation of what is now called "The Park Apartments". With the higher rents, and so much updating being done, the P&L's will obviously look much stronger going forward. Call the listing agent to schedule a showing, Brenda Spencer-Ragland, 580-512-0591.

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    Listing information © 2021 Lawton Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pam & Barry's Team - RE/MAX Professionals. Data last updated 2021-10-23T06:33:30.463.
    www.homefinderlawton.com/homes/121763906
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    1401 SW E Ave Lawton, OK 73507

    • Price: $595,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 159506
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1983
    Built
    Neighborhood:
    Lloyd
    County:
    Comanche
    Area:
    Lloyd
    Elementary School:
    Lincoln
    Middle School:
    Central
    High School:
    Lawton
    Property Description
    Nice investment opportunity with 16 units, ready to rent. The owners have investment energy and commitment into getting these apartments market ready. With each vacancy they replaced the flooring, did a whole apartment interior paint. When they initially purchased the properties, rents averaged $280-$320 per unit, per month. They hired White Glove property management to help turn the properties around. The owners are staunch supporters of providing quality, affordable, clean living accommodations. As the units vacated, flooring and paint was completed, rent increased to $525.00 per month. The owners commitment to quality of life is proven in their results which includes 99% occupancy. The owner, working with their property management team, has changed the name and the reputation of what is now called "The Park Apartments". With the higher rents, and so much updating being done, the P&L's will obviously look much stronger going forward. Call the listing agent to schedule a showing, Brenda Spencer-Ragland, 580-512-0591.
    Exterior Features

    Foundation Slab Lot Size 20798 Sf Roof Composition Style 2 Story Type Apartment Building

    Interior Features

    1 Bedrm Num Of Baths 1 1 Bedrm Num Of Units 16 Appliances Range/OvenRefrigeratorElectric Cooling Zoned/Wall Unit Electricity City Floors BrickCarpet PartialVinyl Heating Zoned/Wall Unit Interior Inclusions Window CoveringHandicap AccessCeiling Fans

    Property Features

    Age Range 36 - 45 Ann Insurance Prem Co 4564.00 Annual Taxes 3284.00 Avg Ann Net Oper Income 58152 Avg Annual Expenses 31848 Avg Monthly Utilities 1275 Documents On File Owner Oper. StatementCopy Of LeasesSecurity Deposit Exp Values Per Mo Yr Year Flood Insurance YN No Gross Expenses 31848 Gross Income 90000 Gross Rental Income 90000 Income Values Per Mo Yr Year Laundry Facilities None Miscellaneous Landscaping Net Income 58152 Paid By Owner Water Road Frontage City Street Sale Rent For Sale Seller Will Fin YNM No Sewer City Tax Year 2021 Utilities Sep. Meter (Electric) Zoning R-1 Single Family

    Listing provided courtesy of Re/Max Professionals. Listing information © 2021 Lawton Multiple Listing Service.
    Listing information © 2021 Lawton Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pam & Barry's Team - RE/MAX Professionals. Data last updated 2021-10-23T06:33:30.463.
     
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    Pam & Barry's Team - RE/MAX Professionals
    3908 NW Elm Ave
    Lawton OK, 73505