Apartment Complex for Sale Lawton, OK Investment Opportunity | Live and Online Auctions on HiBid.com

This online auction presents a rare opportunity to acquire a 40-unit apartment complex in Lawton, Oklahoma. The property consists of four buildings, each with 10 units. Every unit is approximately 730 sq. ft. and features 2 bedrooms and 1 bathroom. - 33 out of 40 units have been updated, making this an appealing investment with immediate rental potential. Roof replaced in 2022. - Currently 86% occupied, offering investors a strong foundation of steady rental income. - A separate laundry facility is included, equipped with 2 commercial washers and 2 commercial dryers for tenant convenience. - Tenants are responsible for all utilities except water, which is covered by the owner. Investment Highlights - 40 total units with strong rental potential - 86% occupancy providing immediate cash flow - Value-add opportunity with 7 units still available for updating - Steady rental income in a growing market - Low maintenance costs with updated units and on-site laundry Why Invest in Lawton, OK? Lawton is one of Oklahoma's most dynamic and stable rental markets: - Military presence: Home to Fort Sill, a major U.S. Army installation that drives strong housing demand. - Education & employment hub: Nearby Cameron University and growing healthcare and manufacturing industries provide a steady pool of renters. - Affordable market with growth potential: Lower entry costs compared to larger metro areas while still offering attractive cap rates. - Steady rental demand: A mix of military families, students, and professionals creates consistent occupancy opportunities. - Strong community infrastructure: Shopping, dining, and cultural amenities continue to expand, making Lawton an appealing place to live and invest. About Comanche County - County seat: Lawton is the county seat of Comanche County, one of the larger counties in Oklahoma. - Population & workforce: With a population of over 120,000 residents, the area provides a reliable tenant base and a diversified workforce. - Economic drivers: Anchored by military, education, healthcare, and retail sectors, Comanche County continues to show stability and growth. Strategic Location - Oklahoma City: Just 90 miles (approx. 1.5-hour drive) northeast of Lawton, providing easy access to the state's capital and largest metro economy. - Dallas-Fort Worth Metroplex: Approximately 190 miles (under 3-hour drive) to the south, giving investors proximity to one of the fastest-growing economic regions in the U.S. This property offers an excellent opportunity for investors and commercial real estate buyers seeking income-producing assets with room for growth in Comanche County. Don't miss the chance to bid on this large-scale multifamily investment in Lawton, Oklahoma. Legal Description: Surface Rights Only In and to: Lots 17-24, and Original Lot 4, Block 98, Lawton Heights Addition, To the City of Lawton, Comanche County, Oklahoma, according to the recorded plat thereof, containing approximately 1.4 acres. Which street address is: 1309 NW Baldwin Ave., Lawton, OK 73057 Minerals: Selling surface rights only