For Sale
$199,000

2317 Bell AveLawton, OK 73505

Four-unit rental, high ROI, renovated.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional Lawton, Oklahoma investment opportunity presents a portfolio of four fully renovated rental units, offering immediate cash flow and strong potential for appreciation. The portfolio comprises three buildings: a duplex at 2317-2319 NW Bell Ave and two single-family homes at 1816 Kingsbury. All units boast newly installed appliances, ceiling fans, flooring, updated exteriors (where applicable), and upgraded HVAC systems. The properties underwent complete renovations, with the Kingsbury homes finished in late 2022 and the Bell Avenue duplex completed in January 2023. The combined net rentable square footage totals 3,316 square feet, distributed across units ranging from 740 to 1,468 square feet. Currently operating at 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $25,033, resulting in an attractive 12.58% capitalization rate. Individual unit rents are competitively priced for the Lawton market, ranging from $625 to $800 per month. The asking price for this turnkey investment is $199,000, or $49,750 per unit. The properties are zoned R-3 and R-2, built in 1952, and are situated in Comanche County, Oklahoma, zip code 73505. This is a rare opportunity to acquire a fully renovated, high-performing multifamily portfolio in a desirable location.

Highlights

  • 12.58% capitalization rate with a $25,033 net operating income (NOI).
  • $199,000 asking price, or $49,750 per unit.
  • Monthly rents range from $625 to $800.
  • Four fully renovated units totaling 3,316 square feet of net rentable space.

Property Details for 2317 Bell Ave

Property type
Residential income homes
Square Feet
740 SF
Class
C
Year Renovated
2022
Buildings
3
Stories
1
Units
4

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.61246182
Longitude
-98.4233889
2317 Bell Ave, Lawton, Oklahoma

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2317 Bell Ave
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