Suncreek Villas. This is a Garden Apartment complex with 8 buildings. 83 units total, 44 one bedroom and 39 two bedroom units. 56,408 Square Feet of rentable building area on 2.26 acres. Property is currently vacant and has significant deterioration related to poor management and lack of deferred maintenance by the previous owner. Several other apartment complexes on the same street have undergone extensive rehabilitation and remodel. They are at 80% occupancy rate. (appx) This is the last vacant complex on this street. All others have undergone transformation. Market value of the appraisal done in Sept. 2012 was in as-is condition for $900,000. Current list price is $747,000. Listing agent retains copy. This is a smart purchase if you're looking for investment in multi-family housing. This complex will serve well due to its central location in west Lawton and there is an adequate demand for properties such as this. This is well located and priced at economic levels. Physical address: 4759 NW Motif Manor For more information, estimate on rehab or history of Suncreek Villas Call Janis Ferguson at 580-678-8259
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