HOT 27 door Lawton OK Apartment !! Section 8 Qualified!!!! Big Return!!!

Description

This Off-Market opportunity at Lincoln Villa Apartments is a 27-unit apartment community located in Lawton, Oklahoma. Currently 100% vacant,
with three units already rehabilitated, the property offers a prime opportunity for renovation and repositioning. Lawton’s status as home to Fort Sill Military Base, employing over 5,500 individuals, highlights its significance as a key military hub in the region. Recent developments,including PepsiCo’s expansion with a new distribution center spanning over 72,000 square feet, highlight Lawton’s momentum and attractiveness to major corporations seeking to establish or expand their presence. The property’s historical occupancy was consistently above 95%. Comparable properties indicate strong post-renovation rental potential per month. The projected stabilized Net Operating Income (NOI) of $126,000; Cap Rate of 17.6% and COCR of 27.2% reflects compelling returns for investors, further
solidifying the property’s investment appeal.