1801 Nw Lincoln Ave, Lawton, OK
15.99% return
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Property Description

Cheap Duplex!!

2bed/1bath on each side, very spacious! Covered parking. Property needs light rehab, currently vacant. Both apartments will rent for $550 each. Located minutes away from Fort Sill military base. Separate electric meters. City water and sewer. Do not miss out!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units2
  • Total bedrooms4
  • Total bathrooms2
  • Building size1468 sq. ft.
  • Lot size0.0 acres
  • Year built1956
  • CountyComanche County
  • Subdivision
  • ConstructionFrame
  • RoofShingle
  • Water sourceCity water
  • Water disposalSewer
  • Heating(unknown)
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $49,900
  • Estimated rehab 1 $10,000
  • Total investment $59,900
  • Type Proforma
  • After repair value $80,000
  • Potential profit $20,100
  • Gross income (annually) $13,200
  • Operating expenses (annually) $3,619
  • Net income (annually) $9,581
  • Gross return 22.04%
  • Gross income (monthly) $1,100
  • Operating expenses (monthly) $302
  • Net income (monthly) $798
  • Net return 15.99%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / 1 bath $550/month $6,600/year
  • Unit 2: 2 bed / 1 bath $550/month $6,600/year
  • Total $1,100/month $13,200/year
  • Expenses
  • Property Taxes $37/month $439/year
  • Lawn care $50/month $600/year
  • Insurance $45/month $540/year
  • Property Management $110/month $1,320/year
  • Water and Sewer $60/month $720/year
  • Total $302/month $3,619/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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