CROSBY PARK APARTMENTS • LAWTON, OKLAHOMA

The Numbers

Purchase Price:	$6,200,000
Capital Improvements:	$1,194,000
NOI:	$861,000
Cap Rate:	8.7%
Stabilized Value:	$13,000,000
Equity:	$3,870,000
Refinance Proceeds:	$715,000
Cash Flow:	$236,000

 

216-unit Apartment Complex, acquired in Lawton Oklahpma in April, 2019