2903 NE Tortoise Dr - Apartments FOR SALE


Lawton, OK 73507
$340,500 USD
580-357-2727
2903 NE Tortoise Dr, Lawton, OK for Sale
$340,500 USD
Apartments - FOR SALE
1/9
null | 8% Cap Rate

2903 NE Tortoise Dr
Lawton, OK 73507


HIGHLIGHTS

  • Centrally Located
  • Close to Fort Sill
  • Well Maintained Units
  • 4 Townhomes

OVERVIEW

Multifamily | 4 - 2 Story Townhomes This four-unit investment property presents an excellent opportunity for investors to initiate or expand their real estate portfolio. If the Buyer is VA Eligible, A VA loan can be used to purchase this four plex and live in one of the units. 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.

FOR SALE DETAILS

PRICE

$340,500 USD

PRICE/SF

$102 USD /SF

# OF UNITS

4

PRICE/UNIT

$85,125

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OL.LLC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,283 SF

ZONING

R4

APN/PARCEL ID

0072204,0072205,0072206,0072207

ASK ABOUT THIS PROPERTY

Chuck WebberCummins Setters Commercial Partners LLCMore Info
580-357-2727

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Chuck WebberCummins Setters Commercial Partners LLCMore Info
580-357-2727

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.