1201 Kensington Ln Elgin, OK 73538

This exceptional 26-unit apartment building in Elgin, Oklahoma presents a compelling investment opportunity. The property, known as Kensington Rental Estates, comprises 13 buildings constructed in 2013, totaling 36,142 square feet. Currently boasting a 96% occupancy rate, the property generates a substantial net operating income (NOI) of $269,074. The unit mix consists of an even split between two-bedroom and three-bedroom apartments, each averaging 1,390 square feet, offering residents comfortable living spaces. Situated on a quiet cul-de-sac, residents enjoy fenced backyards and the convenience of quick access to I-44. The property benefits from its proximity to major employers, including the PepsiCo manufacturing plant (approximately 1,400 employees) and Fort Sill Military base (a 10-minute drive). Recreational opportunities abound, with the Wichita Mountain National Wildlife Refuge just a short distance away. The property's location also offers convenient access to Will Rogers International Airport (within 90 minutes) and Lawton Fort Sill Airport (15 minutes). This property offers a strong value-add potential through rental increases, making it an attractive investment for discerning buyers seeking a high-performing multifamily asset in a growing market. The property's Class B designation reflects its well-maintained condition and strong tenant base.