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Country Club View

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Address: 4645 W Gore Blvd, Lawton, OK 73505, USA

Texas + Apartment Buildings

Created date: March 12, 2024

Date last updated: September 20, 2024

Strong cash flow with upside potential
Below market rents
Expense trimming opportunities
Newly renovated
Large unit sizes
Exceptional amenities

Property Description

Country Club View (the “Property”) is a 229 unit multifamily property located in Lawton, Oklahoma comprised of four, two-story buildings. The property was built in 1964 and has undergone complete renovation both to the interior and exterior of the building. Since acquiring the property in 2020 the owner has spent over $4.5MM in CapEx. As of March 2024, 85% of the units have been renovated and that number continues to climb. Renovations include new flooring, foundation, windows, appliances, paint, and other interior finishes. At 93% occupied, Country Club Views offers stable cash flow and considerable upside to rental income. Coming off post-renovation lease up, management’s priority is to get occupancy to 100% and will reprioritize increasing rents once that is achieved and tenants start to roll. This property, which is adjacent to the Lawton Country Club, sits on 9 acres and includes 190,559 rentable square feet. In addition to the property and grounds being well maintained, the community has numerous amenities which include: pools, fitness center, clubhouse, playground, grilling, laundry facilities, pet areas, and package services – To name a few.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$11,450,000
No. of Units:	229
Lot Size:	190,559.00 Sq ft
Opportunity Zone:	No
Price per unit:	$50,000
Property Website	Click Here