OL.LLC 2903 NE Tortoise Dr 4 Unit Apartment Building $340,500 ($85,125/Unit) 8% Cap Rate Lawton, OK 73507

Multifamily | 4 - 2 Story Townhomes
This four-unit investment property presents an excellent opportunity for investors to initiate or expand their real estate portfolio. If the Buyer is VA Eligible, A VA loan can be used to purchase this four plex and live in one of the units. Each unit offers a two-bedroom, one-bath configuration, appealing to prospective tenants seeking quality rental accommodation. The property currently produces $2,925 in monthly gross rental income, with potential for future increase and is currently 100% occupied. Yearly expenses run 22% of gross sales. Recent improvements include a new roof contributing to reduced maintenance requirements and sustained long-term value. Conveniently located near Fort Sill, Rogers Lane, and Interstate 44, the property provides easy access to shopping, dining, and employment centers, enhancing its appeal to renters. This is a prime opportunity to acquire a reliable, income-generating asset with additional growth potential.
Given the strong rental demand in the area and opportunities for further enhancements, this property is well suited for investors interested in stable cash flow and the potential for increased returns over time.