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  • $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

    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!

    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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