For Sale
$1,200,000

4001 Ozmun AveLawton, OK 73505

12-unit apartment complex, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional 12-unit apartment building presents a compelling investment opportunity in Lawton, Oklahoma. Priced at $1,200,000, this property boasts a strong 7.00% capitalization rate, generating a net operating income (NOI) of $84,012. The complex comprises two, two-story buildings constructed in 1986, offering a mix of eight two-bedroom/two-bathroom units and four one-bedroom/one-bathroom units. Significant capital improvements have been undertaken within the past year, encompassing partial to full renovations of all units. This ensures a high-quality rental inventory and minimizes immediate maintenance needs. The property's strategic location offers convenient access to Fort Sill and Interstate 44, providing strong tenant demand and potential for future appreciation. Its proximity to Fort Sill's Bentley Gate further enhances its appeal to military personnel and their families. This is a turnkey investment ready for immediate income generation. Note that this is one of four multifamily portfolios available from the seller. The property is located at 4001 NW Ozmun Ave, Lawton, OK 73505, in Comanche County.

Highlights

  • $1,200,000 asking price, offering a 7.00% cap rate and $84,012 NOI.
  • 12-unit apartment building with a mix of one- and two-bedroom units.
  • Recently remodeled units, with partial to full rehabs completed within the last 12 months.
  • Excellent Lawton, OK location, minutes from Fort Sill and I-44.
  • Two, two-story buildings built in 1986.

Property Details for 4001 Ozmun Ave

Property type
Apartment buildings
Year Built
1986
Buildings
2
Stories
2
Units
12

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.637718
Longitude
-98.44329
4001 Ozmun Ave, Lawton, Oklahoma

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4001 Ozmun Ave
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