Prime Investment Opportunity - High-Growth Multi-Family Property Built in 2016, this well-maintained multi-family property offers a prime investment opportunity with strong cash flow and future growth potential. The property consists of two separate buildings, each containing four spacious 2-bedroom, 1.5-bath units. Seven of the eight units are currently leased at $775 per month, providing immediate rental income. Each lease includes a security deposit equal to one month's rent, which will be transferred to the new owner. With a proven rental history, quality tenants, and a thriving rental market, this property is a solid, low-maintenance investment with significant upside potential. Key Highlights: Reliable Income Stream: Consistent occupancy with room for rent growth. Tenant-Paid Electricity: Separately metered for tenant responsibility. Landlord-Paid Water: Master metered, averaging $800 per month. Future Value-Add Potential: Opportunity to increase rents and maximize returns. All leases are available for review upon request. Don't miss this opportunity to acquire a high-performing asset in a strong rental market!
Sold
$680,000
1301 SW Washington Ave #ABCD, Lawton, OK 73501
8beds
1baths
--sqft
Apartment Building
Built in 2016
-- sqft lot
$680,900 Zestimate®
$--/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: April 10, 2025 at 11:51am
Listed by:
Jana Smith 850-567-2228,
CORNERSTONE REAL ESTATE GROUP, LLC
Bought with:
Brenda Spencer-ragland
Next Home Tri-Covenant Realty
Source: Lawton BOR,MLS#: 167982
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 1.5
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Range/Oven, Refrigerator, Dishwasher, Microwave, Electric, Washer, Dryer
- Laundry: Washer Hookup, Dryer Hookup, In Unit
Features
- Storage, Walk-In Closet(s), Ceiling Fan(s)
- Flooring: Ceramic Tile, Carpet Partial
- Windows: Window Coverings
Property
Features
- Levels: Two
- Exterior features: Storage
- Fencing: Fenced
Lot
- Size: 0.58 Acres
- Dimensions: 148 x 149
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment Building
Materials
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 2016
Utilities & green energy
- Electric: Public Service OK, Sep. Meter (Electric)
- Gas: None
- Sewer: Public Sewer
- Water: Mstr Meter (Water)
Community & neighborhood
Security
- Security features: Smoke/Heat Alarm
Location
- Region: Lawton
HOA & financial
Other financial information
- Total actual rent: 775
Other
Other facts
- Listing terms: Conventional,Cash
Services availability

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