408 NW 3rd Street, Lawton, OK 73507
- $125,000
- 6
- BD
- 1,701
- SqFt
- List Price
- $125,000
- MLS#
- 1247565
- Days on Market
- 8
- Living Area
- 1,701
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 6
- Neighborhood
- North Blk 19 Lot 1
Property Description
Income-Producing Triplex in Lawton. This investment opportunity features three spacious 2-bedroom units listed for $125,000. Ideally positioned for an investor looking for immediate cash flow plus upside, the property is currently generating $1,300/month from two occupied units. The center unit (410) requires full renovation, offering a clear path to force appreciation and increase the rent roll. Current market rates support a projected rent of $650/unit ($1,950/month total) once fully stabilized. Portfolio Option: This property can be purchased individually or combined with the adjacent listing, 402 NW 3rd St (6 studios listed at $125,000), to create a 9-unit portfolio. Sold As-Is. Please do not disturb tenants.
Additional Information
- Construction
- Concrete, Frame, Stucco
- 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, Other
- Lot Size
- 7,500
- Foundation
- Slab
Courtesy of Steven Spencer and Real Broker LLC. (405) 400-1611
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