1201 Kensington Ln
Elgin, OK 73538
Kensington Rental Estates · Multifamily Property For Sale · 13 Units

Kensington Rental Estates is a 26-unit duplex community located in an excellent sub-market serving Lawton, Oklahoma. The community was built in 2013 and offers two and three bedroom units with garages. Kensington offers immediate cash flow and historically high occupancy and opportunity for rent growth. The property is strategically located near I-44 with convenient access to local employers and attractions including Fort Sill, The Wichita Mountains and Cameron University. Major employers include: Fort Sill, Goodyear Tire & Rubber, Comanche County Hospital, Wal-mart / Sam’s, Bar-S Foods and Northrop Grumman to name a few. Fort Sill serves as home of the United States Army Field Artillery School as well as the Marine Corps' site for Field Artillery MOS school, United States Army Air Defense Artillery School, the 31st Air Defense Artillery Brigade, and the 75th Field Artillery Brigade. Fort Sill is also one of the four locations for Army Basic Combat Training. It has played a significant role in every major American conflict since 1869. The Wichita Mountains is a 10 minute drive and is a part of the National Wildlife Refuge System that is home to American Bison, Rocky Mountain Elk and White-Tailed Deer. Established in 1901,Wichita Mountains Wildlife Refuge is one of more than 556 refuges throughout the United States managed by the U.S. Fish and Wildlife Service. The 59,020 acre refuge hosts a rare piece of the past - a remnant mixed grass prairie, an island where the natural grasslands escaped destruction because the rocks underfoot defeated the plow. Kensington offers investors an opportunity to acquire a low risk, stabilized, cash flowing asset offered below replacement cost and having the opportunity to increase rents to further increase returns.