111 E Street

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111 E Street

Elgin, OK 73538
Asking Price
$894K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Elgin
  • Property is currently maintained at 100% occupancy
  • Offered at an asking price of $893,568
  • Located within the growing regional market of Oklahoma
  • Stabilized asset suited for immediate portfolio income generation

What's Special

This multifamily apartment building for sale in Elgin, Oklahoma, presents an investment prospect for those seeking a stabilized asset in a growing regional market. Currently 100% leased, the property offers immediate income potential and operational consistency for a portfolio. Elgin maintains a steady suburban character, serving as a functional residential base within the larger Lawton metropolitan area. The local economy benefits from regional economic drivers, providing a stable tenant base for residential rental properties. Investors looking to acquire a fully occupied asset will find the scale and current status of this building well-suited for long-term hold strategies. The location near key thoroughfares provides convenient access for residents, supporting sustained occupancy levels. Given the asset type and its current status, this property remains a viable candidate for private investors or groups looking for established multifamily cash flow in a stable Oklahoma submarket.

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NOI
$80,000
Cap Rate
8.95%
DSCR
1.51
Strong
Cash-on-Cash
10.05%
Monthly Payment
$4,420.887
Annual Cash Flow
$26,949.357

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