1401 SW E Ave, Lawton, OK 73501

1401 SW E Ave in Lawton, Oklahoma is a fully occupied 16 unit, 2 building, apartment complex with 1-bedroom and 1-bath in each unit, offering a fantastic investment opportunity. 12 of the units have been remodeled to include new vinyl plank flooring, new interior paint, and new wall heat/air units. The current owner has also replaced 5 hot water heaters on the property. It is generating $10,875 in monthly rental income, currently. Rents are increased at lease renewal. Units are renovated at each new move out. Seller is offering concessions to new buyer at closing for exterior paint allowance (approx. $10,000). Owner pays all utilities in 14 of the 16 units. 2 units pay their own electric. It's a high-potential addition to any investment portfolio. Can be sold separately or purchased as a part of an investor package with a 10% discount applied to all 5 properties. The other properties are 2011 SW C Ave, 2014 SW C Ave, 2016 SW C Ave, and 2742 SW I Ave. Rental income of all properties together is around $121,000, annually. Please allow 24 hour notice for viewing requests. Call listing agent Nikki Thurman 405-590-4195 with any questions.