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2903 NE Tortoise Dr - OL.LLC 4 Unit Apartment Building Offered at $468,174 CAD at a 8% Cap Rate Lawton, OK 73507
Investment Highlights
- Centrally Located
- Well Maintained Units
- Close to Fort Sill
Executive Summary
Multifamily | 4 - 2 Story Townhomes
This four-unit investment property presents an excellent opportunity for investors to initiate or expand their real estate portfolio. Each unit offers a two-bedroom, one-bath configuration, appealing to prospective tenants seeking quality rental accommodation. The property currently produces $2,925 in monthly gross rental income, with potential for future increase and is currently 100% occupied. Yearly expenses run 22% of gross sales. Recent improvements include a new roof contributing to reduced maintenance requirements and sustained long-term value. Conveniently located near Fort Sill, Rogers Lane, and Interstate 44, the property provides easy access to shopping, dining, and employment centers, enhancing its appeal to renters. This is a prime opportunity to acquire a reliable, income-generating asset with additional growth potential.
Given the strong rental demand in the area and opportunities for further enhancements, this property is well suited for investors interested in stable cash flow and the potential for increased returns over time.
This four-unit investment property presents an excellent opportunity for investors to initiate or expand their real estate portfolio. Each unit offers a two-bedroom, one-bath configuration, appealing to prospective tenants seeking quality rental accommodation. The property currently produces $2,925 in monthly gross rental income, with potential for future increase and is currently 100% occupied. Yearly expenses run 22% of gross sales. Recent improvements include a new roof contributing to reduced maintenance requirements and sustained long-term value. Conveniently located near Fort Sill, Rogers Lane, and Interstate 44, the property provides easy access to shopping, dining, and employment centers, enhancing its appeal to renters. This is a prime opportunity to acquire a reliable, income-generating asset with additional growth potential.
Given the strong rental demand in the area and opportunities for further enhancements, this property is well suited for investors interested in stable cash flow and the potential for increased returns over time.
Property Facts
| Price | $468,174 CAD | Property Type | Multifamily |
| Price Per Unit | $117,043 CAD | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 3,328 SF |
| Cap Rate | 8% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 4 | Year Built | 1985 |
| Zoning | R4 - Multi-Family Zoning | ||
| Price | $468,174 CAD |
| Price Per Unit | $117,043 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.37 AC |
| Building Size | 3,328 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | R4 - Multi-Family Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,031 CAD | 3,328 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
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2903 NE Tortoise Dr - OL.LLC
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