402 NW 3rd Street, Lawton, OK 73507
- $125,000
- 1,974
- SqFt
- List Price
- $125,000
- MLS#
- 1247564
- Days on Market
- 8
- Living Area
- 1,974
- Status
- ACTIVE
- Type
- Multifamily
- Neighborhood
- North
Property Description
Value-Add Multifamily Opportunity in Lawton. This 3-building complex features 6 studio units listed at $125,000. The property offers a diverse mix of conditions for the savvy investor: 2 tenant-occupied units generating $1,050/month, 1 vacant rent-ready unit, 1 vacant unit needing cosmetic updates, and 2 fire-damaged shells ready for full renovation. Current market rates support a projected rent of $550/unit ($3,300/month total) once stabilized. Portfolio Option: This property can be purchased individually or combined with the adjacent listing, 408 NW 3rd St (a triplex listed at $125,000), to create a 9-unit portfolio. Sold As-Is. Please do not disturb tenants. Full investor packet available.
Additional Information
- Construction
- Concrete, Frame
- Year Built
- 1941
- School District
- Lawton
- Elementary School
- Lincoln ES
- Middle School
- Central MS
- High School
- Lawton HS
- Roof
- Metal
- Appliances
- Refrigerator, Water Heater
- Cooling
- Window Unit(s)
- Lot Description
- Corner Lot, Interior Lot
- Lot Size
- 7,500
- Foundation
- Slab
Courtesy of Steven Spencer and Real Broker LLC. (405) 400-1611
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