Bella Vista

Address

1314 NW Irwin Ave
Lawton, OK 73507

Property Overview

The Bella Vista Apartments (the “Property”) are a 56-unit multifamily property located at 1314 NW Irwin Avenue in Lawton, Oklahoma. The property was built in 1968 and constructed of brick with mansard style flat roofs. Currently 44.83% occupied, the property offers 50 one-bedroom units and 6 two-bedroom units. Units are being turned and leased up, but Bella Vista offers a new investor an attractive value-add opportunity to refurbish and lease up the remaining units.

Investment Highlights

• Value add opportunity – 44.83% occupied when average occupancy within one mile is 91.2%

• Low cost of living – Lawton is 23% less expensive than the national average

• Close proximity to Military Base – Just over 2.2 miles from Fort Sill

• Strong economy – Lawton has a diverse economic base with strong manufacturing sector and a variety of industries

• Quality of life – Residents enjoy a blend of urban amenities and rural charm

• Easy access to major roads – U.S HWY 62 and NW Cache Rd are just around one mile from the property offering easy access around town and to Oklahoma City

• Property located less than a mile from the local elementary, middle, and high school