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 significant 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 month’s rent, which will be transferred to the new owner.
This property offers a reliable income stream, quality tenants, and a strong rental market—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:
+$3,900/month in revenue
-$275/month water bill
-$400/month taxes, insurance
-$100/month lawn care & misc. maintenance
-$390/month for property management
=$2,735/month NOI. =32,820/year NOI.
32,820/395,000=8.3% Cap