The Best Units Lawton Has to Offer! Presenting an Opportunity to Immediately Increase Rents by 25%! Eight well maintained 2-bedroom 1.5-bathroom townhome style units built in 2016! Seven of the eight units are occupied for $775/month. Rent has never gone up! The new buyer can immediately increase rents to $1,000/month. Additional upside exists through leasing of the eight storage units that are currently complimentary. *see below for CAP rate calculation and pro forma* This gated property consists of three separate buildings. Two of the buildings contain four spacious 2-bedroom, 1.5-bath townhome style units. The third building has eight storage units that create even more potential upside. This property is very attractive to and is currently occupied by the military personnel stationed at Fort Sill that have had 25% increases in salary since the pandemic. All eight of the units have laundry machines installed inside. Electricity is individually billed to the tenant. The water bill is the responsibility of the landlord and is capped at $800/month. TODAY: 7 Units Full, 1 Vacant. All Rents are $775/Month. NOI and Cap Rate Calculated: +$5,425/month in revenue -$800/month water bill -$616/month taxes -$300/month insurance -$100/month lawn care & misc. maintenance -$250/month for property management =$3,359/month NOI. =$40,398/year NOI. $40,398/year NOI / $680,000 = 5.9 CAP 90 DAYS POST CLOSE: 8 Units Full, 0 Vacant. All Units Rents are $1,000/Month & 4 Storage Units Are Rented at $50/Month. NOI and Cap Rate Calculated: +$8,200/month in revenue -$800/month water bill -$616/month taxes -$300/month insurance -$100/month lawn care & misc. maintenance -$250/month for property management =$6,134/month NOI. =$73,608/year NOI. $73,608/year NOI / $680,000 = 10.82 CAP. This property is listed by Jana Smith at Cornerstone Real Estate Group. Text or call (850) 567-2228 for all inquiries and to receive supporting documentation.