Lincoln Villa Apartments | 1109 NW Lincoln Ave
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Lincoln Villa Apartments 1109 NW Lincoln Ave
27 Unit Apartment Building $850,000 ($31,481/Unit) 20.88% Cap Rate Lawton, OK 73507
Investment Highlights
- CITY WATER & SEWER
- SEPARATE ELECTRIC METERS
- CENTRAL HEAT & AIR
Executive Summary
Attention DIY enthusiast and investors!!! This 27 unit fixer-upper provides a blank canvas to put your renovations skills to work and unlock the full potential of this property. With its SOLID FOUNDATION, the possibilities are limitless. Tons of potential to increase revenue and decrease expenses. Potential to generate 18%+ net returns on investment. Rent will continue to increase in this market over the next few years. This property is located in the prime location of Lawton which is 2.5 miles to Fort Sill home of a major U.S Army installation; ensures a stable rental market.
Call us today! 754-732-2035.
Please send all offers to Shadae@realpro.com.
Call us today! 754-732-2035.
Please send all offers to Shadae@realpro.com.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$177,516
|
$6.90
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $177,516 |
| Annual Per SF | $6.90 |
Property Facts
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Hardwood Floors
- Refrigerator
- Oven
Site Amenities
- Storage Space
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $750.00 | 643 |
| 2+1 | 3 | $850.00 | 800 |
| 3+2 | 8 | $1,200 | 1,287 |
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PROPERTY TAXES
| Parcel Number | 0041873 | Improvements Assessment | $15,631 (2023) |
| Land Assessment | $6,143 (2023) | Total Assessment | $21,774 (2023) |
PROPERTY TAXES
Parcel Number
0041873
Land Assessment
$6,143 (2023)
Improvements Assessment
$15,631 (2023)
Total Assessment
$21,774 (2023)
zoning
| Zoning Code | R-4 (Residential) |
| R-4 (Residential) |
Contact
-
David Pennell - Jlm Property Ventures LLC
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Jlm Property Ventures LLC
Lincoln Villa Apartments | 1109 NW Lincoln Ave
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