Oaklawn Apartments
- Value-add opportunity
- Strong cash flow with upside potential
- Below market rents
- 100% Occupied
Property Description
Oaklawn Apartments (the “Property”) is a 25-unit, multifamily property located in Lawton, OK. Built in 1979, this garden style community consists of four two-story buildings and serves as a value-add opportunity for potential investors. This property has an average unit size of 646sf with the majority of the units offering one-bed/one-bath. As of June, the property is 100% occupied with roughly 70% of the tenants being on month-to-month leases and an average rental rate of $451/month – Which is well below market. Additionally, the owner is currently paying for all utilities, outside of electricity, rather than billing back tenants for usage.Given the structure of the MTM leases, utility recovery, and considerable rental upside, this opportunity allows for investors to step in and increase income at the property immediately.Broker Details
Edge Capital Markets 214-545-6917
Broker Details
Edge Capital Markets 214.545.6933
Broker Details
Edge Capital Markets 214.545.6941
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Lot Size: | 16,155.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout