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4321 Camelot DrLawton, OK 73501

142 Units, High Occupancy, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional multifamily investment opportunity comprises 142 units across five strategically located properties in Lawton, Oklahoma. The portfolio boasts a 95% occupancy rate and includes a mix of apartment building types constructed between 1979 and 2013. Unit sizes range from 701 to 1,363 square feet, catering to a diverse tenant base. The properties, totaling 132,554 square feet, benefit from their proximity to major employers, including the PepsiCo manufacturing plant (approximately 1,400 employees) and Fort Sill Military Base. The portfolio presents a significant value-add opportunity due to below-market rental rates. Several properties feature upgrades such as new roofs, siding, paint, and windows. Amenities vary across the properties and include features such as garages, fenced patios, swimming pools, clubrooms, and in-unit washer/dryer connections in 66% of units. The properties are currently managed by a two-person maintenance team based in Northwest Oklahoma City, who are interested in continuing their management. The consistent high occupancy rate (historically over 90% for each property) demonstrates strong demand and rental income potential. This portfolio offers a compelling investment opportunity in a stable and growing market. The properties are situated within a 15-minute radius of each other in Comanche County, Oklahoma, with addresses in Lawton, Geronimo, and Elgin. The portfolio's diverse unit mix, combined with its strategic location and value-add potential, makes it an attractive investment for discerning buyers.

Highlights

  • 142-unit multifamily portfolio in Lawton, OK, with 95% occupancy.
  • Significant value-add opportunity due to below-market rents.
  • Recent upgrades including roofs, siding, paint, and windows in several properties.
  • 66% of units feature in-unit washer/dryer connections.
  • Amenities include garages, fenced patios, swimming pools, and clubrooms (varies by property).

Property Details for 4321 Camelot Dr

Property type
Apartment buildings
Square Feet
132,554 SF
Class
B
Units
142

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.603105260655
Longitude
-98.335329618899
4321 Camelot Dr, Lawton, Oklahoma

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4321 Camelot Dr
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