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1207 W Gore Blvd

19 Unit Apartment Building $1,675,000 ($88,158/Unit) 8.06% Cap Rate Lawton, OK 73501

Investment Highlights

  • Completely renovated from top to bottom, centrally located to shopping, restaurants, local hospitals and the military base. Safe and secure location.
  • The two bedrooms are completely full and the one bedroom units are full or have future bookings.
  • Fourteen of the units are fully furnished and set for Airbnb and Furnished Finder Rentals.

Executive Summary

This property has 14 units that are fully furnished and set for Airbnb and Furnished Finder Rentals. The two bedrooms are completely full and the one bedroom units are full or have future bookings.
The space is completely renovated from top to bottom, centrally located to shopping, restaurants, local hospitals and the military base. Safe and secure location.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,675,000
Price Per Unit $88,158
Sale Type Investment
Cap Rate 8.06%
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.56 AC
Building Size 11,904 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1964/2017
Parking Ratio 2.6/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Coffee System
  • Dining Room
  • Double Pane Windows
  • Instant Hot Water

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 14 $1,013 398
2+1 5 $1,700 625

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0041849
Land Assessment
$6,189
Improvements Assessment
$52,183
Total Assessment
$58,372

zoning

Zoning Code C-5 (C-5 zoning is a commercial zoning district that allows for a variety of commercial uses)
C-5 (C-5 zoning is a commercial zoning district that allows for a variety of commercial uses)
  • Listing ID: 31290935

  • Date on Market: 3/21/2024

  • Last Updated:

  • Address: 1207 W Gore Blvd, Lawton, OK 73501

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