6401 Oak Ave Lawton, OK 73505

This exceptional investment opportunity presents a 25-unit apartment complex in Lawton, Oklahoma. The property, built in 1979, comprises four two-story buildings totaling 16,155 square feet on a 0.81-acre lot. Currently boasting 100% occupancy, the property offers significant value-add potential. The 25 units average 646 square feet, with most featuring one bedroom and one bathroom. Currently, the average monthly rent is $451, considerably below market rates, presenting immediate upside potential for increased income. A significant portion of tenants (approximately 70%) are on month-to-month leases, providing flexibility for implementing rent increases. Furthermore, the current owner covers all utilities except electricity, offering another avenue for substantial revenue enhancement by implementing utility pass-through billing to tenants. This property's strong cash flow, coupled with the below-market rents and high occupancy rate, makes it an attractive investment for those seeking immediate returns and long-term growth. The property's location in Lawton, OK, at 6401 NW Oak Ave, zip code 73505, provides convenient access to local amenities and services. This is a rare chance to acquire a well-located, multifamily property with immediate income generation and significant upside potential.