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CROSBY PARK APARTMENTS • LAWTON, OKLAHOMA

The Numbers

Purchase Price: $6,170,000
Capital Improvements: $1,193,750
NOI: $737,659
Cap Rate: 9.8%
Stabilized Value: $10,540,000
Equity: $2,990,000
Refinance Proceeds: $360,000
Cash Flow: $213,507

 

216-unit Apartment Complex, acquired in May 2019