AWESOME RENTALS
2001 Nw Andrews Avenue, Lawton, OK
13.65% return
SP:
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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 statusActiveC
  • 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 rehab 1 $20,000
  • Total investment $330,000
  • Type Proforma
  • 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 return 19.09%
  • Gross income (monthly) $5,250
  • Operating expenses (monthly) $1,498
  • Net income (monthly) $3,752
  • Net return 13.65%

Property Income & Expenses

  • 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.

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