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. 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 5% 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.