$395,000
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1308 NW Euclid Lawton, OK 73507
Other
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Presenting a fully occupied, turnkey multi-family property in the heart of Lawton, offering immediate cash flow and long-term stability. This asset is managed by a local property manager, who is eager to continue servicing the new owner. Leases are transferrable. The property has undergone signifi...cant exterior and interior renovations, ensuring minimal upkeep and maximum tenant satisfaction. Recent upgrades include new siding, fencing, landscaping, and a complete interior refresh featuring modernized bathrooms, new kitchen appliances, fresh paint, and upgraded flooring throughout. The building consists of four well-maintained units, including: Two 1-bedroom, 1-bath units One 2-bedroom, 1-bath unit One 3-bedroom, 2-bath unit Current rent roll: 1 Bedroom, 1 Bath: $700/month 1 Bedroom, 1 Bath: $800/month 2 Bedroom, 1 Bath: $1,050/month 3 Bedroom, 2 Bath: $1,350/month Total Monthly Income: $3,900 Each unit is leased with a security deposit equal to one monthâ??s rent, which will be transferred to the new owner. This property offers a reliable income stream, quality tenants, and a strong rental marketâ??making it an excellent opportunity for an investor seeking a low-maintenance, cash-flowing asset. Electricity and Gas are separately metered and responsibility of the tenant. Water is master meter and responsibility of the landlord. Average water bill is $275/ month. All leases are available for review upon request. NOI and Cap Rate Calculated: +$3900/month in revenue -$275/month water bill -$400/month taxes, insurance -$100/month lawn care & misc. maintenance =$3100/month (3100*12)/395000=9.41% Cap
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MLS#
167741
Property Type
Other
Year Built
1980
Stories
1.0
Sewer
City Sewer
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