New Listing
22548 State Highway 49 Highway,Medicine Park, OK 73507
Medicine Park, OK 73507
Description
AUDUBON APARTMENTS | RARE SOUTHWESTERN OKLAHOMA MULTIFAMILY INVESTMENT OPPORTUNITY 12 Units | 4 Buildings | Over 3 Acres | $1,800,000 Discover a distinctive investment opportunity near the scenic Wichita Mountains and Lake Lawtonka. Audubon Apartments offers 12 spacious, two-bedroom, two-bathroom residences across four buildings, approximately 800-1,000 square feet each. Situated amid mature trees and expansive grounds, this established rental property combines peaceful country living with convenient access to employment centers, recreational destinations, and everyday amenities. PROPERTY HIGHLIGHTS - 12 established rental residences in four buildings- Two bedrooms and two bathrooms per apartment- Approximately 800-1,000 square feet per residence- Each apartment separately metered for electricity and water- Two large garages- Two billboard structures- Expansive grounds with additional land offering potential for future development, subject to applicable approvals- Existing rental income and established tenancy EXCEPTIONAL SOUTHWESTERN OKLAHOMA LOCATION Near Medicine Park, Lake Lawtonka, Mount Scott, the Wichita Mountains Wildlife Refuge, and Fort Sill, Audubon enjoys a setting rarely found in conventional multifamily properties. Residents enjoy the privacy and tranquility of country living while remaining approximately 12 minutes from Lawton and 15 minutes from Elgin. Comparable multifamily rentals are exceptionally limited near Lake Lawtonka and Medicine Park, making Audubon's acreage and location particularly distinctive. AN ESTABLISHED INVESTMENT WITH FUTURE POTENTIAL Audubon Apartments offers investors an existing rental community with substantial land, additional property features, and potential long-term opportunities. Consider the expense of acquiring comparable land and recreating a development of this nature in today's market. Offered at $1,800,000. Sold as-is. No seller financing.
Details
| MLS # | 1257264 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2005 |
| Days On Site | 5 |
| Listing Provided By | Nexus Realty | Brandon Meadows |
Features
| Bed(s) | 24 |
|---|---|
| Bath(s) | 24 Total |
| SQ Feet | 11,132 |
| Story(s) | 2 |
Exterior
| Lot Features | Cul-De-Sac, Rural |
|---|---|
| Foundation Details | Slab |
Taxes
| Okc Tax Amount | 15635.0000 |
|---|
Area Information
| State | OK |
|---|---|
| County | Comanche |
| City | Medicine Park |
| Zip Code | 73507 |
| School District | Comanche |
| School District | Elgin HS |
| Elementary School | Elgin ES |
| High School | Elgin HS |
| Listing VS Median (in 73507) | |
Price: $1,800,000 low | high Med: $126,500 sqft: 11,132 low | high Med: 1,218 $ / sqft: $162 low | high Med: $108 On site: 5 low | high Med: 176 | |
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Learn More About This Property
| State | OK |
|---|---|
| County | Comanche |
| City | Medicine Park |
| Zip Code | 73507 |
| School District | Comanche |
| School District | Elgin HS |
| Elementary School | Elgin ES |
| High School | Elgin HS |
| Listing VS Median (in 73507) | |
Price: $1,800,000 low | high Med: $126,500 sqft: 11,132 low | high Med: 1,218 $ / sqft: $162 low | high Med: $108 On site: 5 low | high Med: 176 | |