4321 Camelot Dr Lawton, OK 73501

Property Details for 4321 Camelot Dr

Property size

132,554 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity comprises 142 units across five strategically located properties in Lawton, Oklahoma. The portfolio boasts a 95% occupancy rate and includes a mix of apartment building types constructed between 1979 and 2013. Unit sizes range from 701 to 1,363 square feet, catering to a diverse tenant base. The properties, totaling 132,554 square feet, benefit from their proximity to major employers, including the PepsiCo manufacturing plant (approximately 1,400 employees) and Fort Sill Military Base. The portfolio presents a significant value-add opportunity due to below-market rental rates. Several properties feature upgrades such as new roofs, siding, paint, and windows. Amenities vary across the properties and include features such as garages, fenced patios, swimming pools, clubrooms, and in-unit washer/dryer connections in 66% of units. The properties are currently managed by a two-person maintenance team based in Northwest Oklahoma City, who are interested in continuing their management. The consistent high occupancy rate (historically over 90% for each property) demonstrates strong demand and rental income potential. This portfolio offers a compelling investment opportunity in a stable and growing market. The properties are situated within a 15-minute radius of each other in Comanche County, Oklahoma, with addresses in Lawton, Geronimo, and Elgin. The portfolio's diverse unit mix, combined with its strategic location and value-add potential, makes it an attractive investment for discerning buyers.

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Longitude

-98.335329618899

Latitude

34.603105260655