1127 Gore Blvd Lawton, OK 73501-3036
- Office buildings
- 280 SF
- 3.19 lot acres
Current Use by Public Records
- Lawton Extended Stay / Extended Stay Hotel
- Arrowhead Apartments / Apartment Complex
Property Details for 1127 Gore Blvd
- Year built
- 1974
- Lot size
- 3.19 lot acres
- Property size
- 280 SF
- Property type
- Office buildings
- APN
- 22957
- APU
- 22957
Description
This exceptional 72-unit apartment complex, Arrowhead Apartments, presents a compelling value-add investment opportunity in Lawton, Oklahoma. Located at 1127 E Gore Blvd, this property boasts a substantial 58,752 square feet of net rentable space spread across five, two-story buildings situated on a generous 3.83-acre lot. Built in 1974 and renovated in 2022, the property currently enjoys a 78% occupancy rate, with full occupancy projected by January 1, 2024. Each of the 72 units features desirable amenities including walk-in closets. The complex also offers convenient on-site management and a refreshing swimming pool. The property's strategic location near a casino contributes to its strong rental performance and potential for increased revenue. With a current asking price of $4,350,000, this translates to an attractive price per unit of $60,416.67, making it an ideal acquisition for investors seeking a proven value-add strategy in a thriving market. The property is classified as a Class C multifamily investment. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant upside potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.3746
- Latitude
- 34.606
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
