1308 NW Euclid Ave - Apartments FOR SALE


Lawton, OK 73507
$395,000 USD
412-980-9903
1308 NW Euclid Ave, Lawton, OK for Sale
$395,000 USD
Apartments - FOR SALE
1/33
null | 8.31% Cap Rate

1308 NW Euclid Ave
Lawton, OK 73507


HIGHLIGHTS

  • Military
  • No Vacancies
  • Ample Parking
  • Fully renovated

OVERVIEW

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

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

4

PRICE/UNIT

$98,750

CAP RATE

8.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R2

APN/PARCEL ID

0014343

ASK ABOUT THIS PROPERTY

Jana SmithCornerstone Real Estate Group LLCMore Info
412-980-9903

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Jana SmithCornerstone Real Estate Group LLCMore Info
412-980-9903

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.