1716 Nw Columbia Avenue, Lawton, OK
13.20% return
SP:
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Property Description

***25K SPECIAL!*** Buy this property with $25,000 down! House and a triplex on one parcel. Minutes away from Fort Sill military base. City has 90k+ population. Tons of development in the area. Will generate $1850/month in rent. Great condition. Property management is available.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units4
  • Total bedrooms2
  • Total bathrooms4
  • Building size(unknown)
  • Lot size0.2 acres
  • Year built1942
  • CountyComanche County
  • Subdivision
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • Heating(unknown)
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $119,900
  • Estimated rehab 1 $0
  • Total investment $119,900
  • Type Proforma
  • Gross income (annually) $22,200
  • Operating expenses (annually) $6,373
  • Net income (annually) $15,827
  • Gross return 18.52%
  • Gross income (monthly) $1,850
  • Operating expenses (monthly) $531
  • Net income (monthly) $1,319
  • Net return 13.20%

Property Income & Expenses

  • Income
  • House
  • Unit : 2 bed / 1 bath $650/month $7,800/year
  • Triplex
  • Unit 1: studio / 1 bath $400/month $4,800/year
  • Unit 2: studio / 1 bath $400/month $4,800/year
  • Unit 3: studio / 1 bath $400/month $4,800/year
  • Total $1,850/month $22,200/year
  • Expenses
  • Lawn care $60/month $720/year
  • Property Taxes $64/month $764/year
  • Insurance $127/month $1,529/year
  • Water and Sewer $280/month $3,360/year
  • Total $531/month $6,373/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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