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622 SW D AVENUE | LAWTON, OK 73501 | 580.353.6100 | INSIGHTBROKERS.COM Measurements and other information are obtained from Owner and/or other reliable sources and are offered as an aid for investment analysis. Although deemed reliable, information is not guaranteed and is provided subject to errors, omissions, prior sale or withdrawal. JASON WELLS 580.353.6100 [email protected] SALE PRICE $799,000.00 OFFERING SUMMARY Number Of Units: 36 Lot Size: ±1.27 Acres Year Built: 1964 Building Size: ±25,950 SF Renovated: 2017 Zoning: R-4 Price / SF: $30.79 PROPERTY OVERVIEW Located very near the Ft. Sill entrance gates, just south of Rogers Lane in a desirable area of north west Lawton, OK. Complex is fully fenced with electric gate and incorporates a leasing office, laundry facility, BBQ grills and concrete-paved parking spaces. Nice landscaping with a center court yard, exterior pole-lighting and benches. On site management. This is a separately metered electric rental community, where the tenants are responsible for electric and cable. The Landlord is responsible for water/sewer, natural gas (for water heating) and trash. Property is comprised of 3 buildings, two-story walk-up, with flat, built-up roofs, brick veneer exterior walls and slab foundations. A unit mix of one, two and three bedroom apartments. Renovations include new appliances, kitchen counters, condensing units, tile flooring, paint, a surveillance system with access control and a new central hot water tank. To date, 17 of the units have been renovated. All units with the exception of one are either occupied or ready to lease. The one is currently used as storage and just needs renovation to make ready for occupancy. Property is very desirable to blue-collar and military tenancy. PROPERTY HIGHLIGHTS Very Desirable Location Gated & Fully Fenced On Site Management On Site Laundry Facility Newly Renovated Units 2107 NW 38th St, Lawton, OK 73505 Woodland Arms Apartments Priced Reduced!!! $799,999.00 MULTIFAMILY PROPERTY FOR SALE Insight Commercial Real Estate Brokerage, LLC

2107 NW 38th St, Sale Reduced...622 SW D AVENUE | LAWTON, OK 73501 | 580.353.6100 | INSIGHTBROKERS.COM JASON WELLS 580.353.6100 [email protected] 2107 NW 38th St, Lawton, OK

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Page 1: 2107 NW 38th St, Sale Reduced...622 SW D AVENUE | LAWTON, OK 73501 | 580.353.6100 | INSIGHTBROKERS.COM JASON WELLS 580.353.6100 jwells@insightbrokers.com 2107 NW 38th St, Lawton, OK

6 2 2 S W D A V E N U E | L A W T O N , O K 7 3 5 0 1 | 5 8 0 . 3 5 3 . 6 1 0 0 | I N S I GHTBROKER S . C OM

Measurements and other information are obtained from Owner and/or other reliable sources and are offered as an aid for investmentanalysis. Although deemed reliable, information is not guaranteed and is provided subject to errors, omissions, prior sale or withdrawal.

JASON [email protected]

SALE PRICE $799,000.00

OFFERING SUMMARYNumber Of Units: 36

Lot Size: ±1.27 Acres

Year Built: 1964

Building Size: ±25,950 SF

Renovated: 2017

Zoning: R-4

Price / SF: $30.79

PROPERTY OVERVIEW

Located very near the Ft. Sill entrance gates, just south of Rogers Lane in a desirablearea of north west Lawton, OK. Complex is fully fenced with electric gate andincorporates a leasing office, laundry facility, BBQ grills and concrete-paved parkingspaces. Nice landscaping with a center court yard, exterior pole-lighting and benches.On site management. This is a separately metered electric rental community, wherethe tenants are responsible for electric and cable. The Landlord is responsible forwater/sewer, natural gas (for water heating) and trash. Property is comprised of 3buildings, two-story walk-up, with flat, built-up roofs, brick veneer exterior walls andslab foundations. A unit mix of one, two and three bedroom apartments. Renovationsinclude new appliances, kitchen counters, condensing units, tile flooring, paint, asurveillance system with access control and a new central hot water tank. To date, 17 ofthe units have been renovated. All units with the exception of one are either occupiedor ready to lease. The one is currently used as storage and just needs renovation tomake ready for occupancy. Property is very desirable to blue-collar and militarytenancy.

PROPERTY HIGHLIGHTS

• Very Desirable Location

• Gated & Fully Fenced

• On Site Management

• On Site Laundry Facility

• Newly Renovated Units

2107 NW 38th St, Lawton, OK 73505Woodland Arms Apartments Priced Reduced!!! $799,999.00 M U LT I F A M I LY P R O P E R T Y F O R S A L E

Insight Commercial Real Estate Brokerage, LLC

Page 2: 2107 NW 38th St, Sale Reduced...622 SW D AVENUE | LAWTON, OK 73501 | 580.353.6100 | INSIGHTBROKERS.COM JASON WELLS 580.353.6100 jwells@insightbrokers.com 2107 NW 38th St, Lawton, OK

6 2 2 S W D A V E N U E | L A W T O N , O K 7 3 5 0 1 | 5 8 0 . 3 5 3 . 6 1 0 0 | I N S I GHTBROKER S . C OM

JASON [email protected]

2107 NW 38th St, Lawton, OK 73505Woodland Arms Apartments Priced Reduced!!! $799,999.00 M U LT I F A M I LY P R O P E R T Y F O R S A L E

Insight Commercial Real Estate Brokerage, LLC

Page 3: 2107 NW 38th St, Sale Reduced...622 SW D AVENUE | LAWTON, OK 73501 | 580.353.6100 | INSIGHTBROKERS.COM JASON WELLS 580.353.6100 jwells@insightbrokers.com 2107 NW 38th St, Lawton, OK

6 2 2 S W D A V E N U E | L A W T O N , O K 7 3 5 0 1 | 5 8 0 . 3 5 3 . 6 1 0 0 | I N S I GHTBROKER S . C OM

JASON [email protected]

2107 NW 38th St, Lawton, OK 73505Woodland Arms Apartments Priced Reduced!!! $799,999.00 M U LT I F A M I LY P R O P E R T Y F O R S A L E

Insight Commercial Real Estate Brokerage, LLC

Page 4: 2107 NW 38th St, Sale Reduced...622 SW D AVENUE | LAWTON, OK 73501 | 580.353.6100 | INSIGHTBROKERS.COM JASON WELLS 580.353.6100 jwells@insightbrokers.com 2107 NW 38th St, Lawton, OK

6 2 2 S W D A V E N U E | L A W T O N , O K 7 3 5 0 1 | 5 8 0 . 3 5 3 . 6 1 0 0 | I N S I GHTBROKER S . C OM

JASON [email protected]

REGIONLawton has become the regionalemployment and retail center forsouthwest Oklahoma. Lawton supports aretail community of almost 300,000people, all within a 45 minute drive. Thegreater Lawton region includes WichitaFalls, TX and the smaller towns of Cache,Duncan, Altus, Geronimo, Walters, Elgin,Chickasha, Marlow and Rush Springs, aswell as the Fort Sill military installationand the Wichita Mountains WildlifeRefuge.

LABOR FORCEThe greater Lawton area has gone throughsome healthy growth over the past 6 yearsthat has resulted in a larger workforce.One of the strongest assets ofthe region is the population of skilledworkers. Not only does the regionrecruit from its own residents inLawton-Fort Sill, but also from the nearbycommunities and unincorporated areas ofthe 7 county area. On average, ina 45 minute radius from different pointswithin the region, you can find anavailable workforce of approximately350,000.

FORT SILLFort Sill is one of the largest employers inOklahoma with about 7,300 civilianemployees, 9,000 soldiers stationed at thefort and another 5,500 soldiers rotatingthrough for training. It has become atechnology test and training hub of theUnited States. Fort Sill really is a twin cityto Lawton right next door. The Army posthas hotels, restaurants, day care centers,homes, shops – a city all by itself. But FortSill relies as much on Lawton as Lawtonbenefits from the $2 billion economicimpact generated by Fort Sill. Fort Sill ismore than a great community partner anda major economic generator for the stateof Oklahoma, it is also a workforceproducer that delivers quality andtechnically experienced personnel whenthey leave the military.

2107 NW 38th St, Lawton, OK 73505Woodland Arms Apartments Priced Reduced!!! $799,999.00 M U LT I F A M I LY P R O P E R T Y F O R S A L E

Insight Commercial Real Estate Brokerage, LLC