2317 Bell AveLawton, OK 73505

Property Details for 2317 Bell Ave

Property size (Sq ft)

740 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6125

Longitude

-98.4234

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