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    2317 Bell Ave Lawton, OK 73505

    Sponsored
    For Sale
    $199,000

    Four-unit rental, high ROI, renovated.

    Property size:
    740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Lawton, Oklahoma investment opportunity presents a portfolio of four fully renovated rental units, offering immediate cash flow and strong potential for appreciation. The portfolio comprises three buildings: a duplex at 2317-2319 NW Bell Ave and two single-family homes at 1816 Kingsbury. All units boast newly installed appliances, ceiling fans, flooring, updated exteriors (where applicable), and upgraded HVAC systems. The properties underwent complete renovations, with the Kingsbury homes finished in late 2022 and the Bell Avenue duplex completed in January 2023. The combined net rentable square footage totals 3,316 square feet, distributed across units ranging from 740 to 1,468 square feet. Currently operating at 100% occupancy, the portfolio generates a substantial net operating income (NOI) of $25,033, resulting in an attractive 12.58% capitalization rate. Individual unit rents are competitively priced for the Lawton market, ranging from $625 to $800 per month. The asking price for this turnkey investment is $199,000, or $49,750 per unit. The properties are zoned R-3 and R-2, built in 1952, and are situated in Comanche County, Oklahoma, zip code 73505. This is a rare opportunity to acquire a fully renovated, high-performing multifamily portfolio in a desirable location.

    Property Features for 2317 Bell Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    740 SF
    Class
    C

    Building Details

    Year Renovated
    2022
    Buildings
    3
    Stories
    1
    Units
    4

    HighLights

    • 12.58% capitalization rate with a $25,033 net operating income (NOI).
    • $199,000 asking price, or $49,750 per unit.
    • Monthly rents range from $625 to $800.
    • Four fully renovated units totaling 3,316 square feet of net rentable space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4233889
    Latitude
    34.61246182

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit rental, high ROI, renovated.
    Where is this multifamily property located?
    The property is located at 2317 Bell Ave Lawton, OK.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: 12.58% capitalization rate with a $25,033 net operating income (NOI).; $199,000 asking price, or $49,750 per unit.; Monthly rents range from $625 to $800.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2317 Bell Ave Lawton, OK 73505
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