Oaklawn Apartments presents an investment opportunity in a growing submarket of Lawton, Oklahoma. The property comprises 25 units distributed across 0.81 acres, with a total rentable area of 23,900 square feet. Constructed in 1979, the community consists primarily of one-bedroom units, complemented by a single two-bedroom floor plan, appealing to a wide tenant base. Current occupancy stands at 84%, providing immediate cash flow with potential for revenue growth through lease-up and operational efficiency enhancements.
Situated in proximity to key amenities, employment centers, and major transportation corridors, Oaklawn Apartments offers strong renter demand supported by a stable local economy. Lawton serves as a regional hub with connectivity to Interstate 44, positioning the asset for continued tenant interest and long-term appreciation potential. Investors have the opportunity to capitalize on stable fundamentals and implement value-add strategies such as interior upgrades, amenity improvements, and enhanced property management.