2317 Bell Ave Lawton, OK 73505
- Residential income homes
- 740 SF
Current Use by Public Records
- Residential income homes
Property Details for 2317 Bell Ave
- Property size
- 740 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.4233889
- Latitude
- 34.61246182
