AWESOME RENTALS

2001 Nw Andrews Avenue, Lawton, OK

13.65% return

SP: $310,000

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Property Description

NICE SINGLE FAMILY PACKAGE!!!

9 houses on 3 separate parcels. Less than 15 minutes away from a major military base. Will generate a 13.65% NET RETURN!! Separate electric meters. Some rehab needed. Reliable property manager is in place, perfect for an out of state owner!!

Financing is available.

Property Information

Listing statusSold
Property typeMulti Family (3 properties)
Total units9
Total bedrooms12
Total bathrooms9
Building size5596 sq. ft.
Lot size0.7 acres
Year built1954 - 1987

CountyComanche County
Subdivision
ConstructionFrame, Brick/Frame
RoofAsphalt Shingle
Water sourceCity water
Water disposalSewer
HeatingWindow Unit, Central Heat
CoolingWindow A/C, Central air

Property Financial Summary

Sale price$310,000
Estimated rehab¹$20,000
Total investment$330,000

TypeProforma
After repair value$405,000
Potential profit$75,000

Gross income (annually)$63,000
Operating expenses (annually)$17,971
Net income (annually)$45,029
Gross return19.09%

Gross income (monthly)$5,250
Operating expenses (monthly)$1,498
Net income (monthly)$3,752
Net return13.65%

Property Income & ExpensesMonthlyAnnual

Income

1519 Sw New York Avenue
3 bed / 1 bath$850/month$10,200/year
2001 Nw Andrews Avenue, Building 1
Unit 1: 1 bed / 1 bath$525/month$6,300/year
2001 Nw Andrews Avenue, Building 2
Unit 2: 1 bed / 1 bath$525/month$6,300/year
2001 Nw Andrews Avenue, Building 3
Unit 3: 1 bed / 1 bath$525/month$6,300/year
2001 Nw Andrews Avenue, Building 4
Unit 4: 1 bed / 1 bath$525/month$6,300/year
2001 Nw Andrews Avenue, Building 5
Unit 5: 1 bed / 1 bath$525/month$6,300/year
2001 Nw Andrews Avenue, Building 6
Unit 6: 1 bed / 1 bath$525/month$6,300/year
2001 Nw Andrews Avenue, Building 7
Unit 7: 1 bed / 1 bath$525/month$6,300/year
2905 Nw 24th Street
2 bed / 1 bath$725/month$8,700/year
Total$5,250/month$63,000/year

Expenses

Property Taxes$143/month$1,721/year
Maintenance reserve$188/month$2,250/year
Insurance (estimated)$433/month$5,200/year
Property Management$292/month$3,500/year
Water, Sewer and Waste$392/month$4,700/year
Lawn care$50/month$600/year
Total$1,498/month$17,971/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.