Broken Arrow Tulsa - Big Rehab with Bigger Profits

Tulsa County, Broken Arrow, OK, 74011
Sold
Listed at: May 22nd, 2021
Price
$113,500
ARV
$200,000
Gross Margin
$86,500
Sq. Footage
1273
Type
Single-Family
Parking
Attached Garage
Year build
1958
Lot size
1.25 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

This is a large rehab project. This property is severely dilapidated and needs to be completely rehabbed.


Here is a single-family brick house in Broken Arrow, a 2 bed 1 bath, 1250 sqft. It has a 1 car garage with 260 SF easily to be converted for 3rd bedroom) on a 59k sqft lot (1.25 acres). The house is located 4 minutes from the Indian Springs Golf Course, 4 minutes to Ernest Chiders elementary school and down the street from Walmart. It's in Broken Arrow School District. 


The house was vacant for a year, the family doesn’t want to deal with agents or fix it up themselves, so they just want to move on.


Repairs: This is a large rehab. It needs hvac, new windows, new electrical, new plumbing since it’s galvanized pipes, needs new hot water tank. paint & refinishing oak wood floors. new doors. Bath and kitchen need updates too. Likely $50K+ rehab budget, but it should sell for at least $200K or more when completed. The land is estimated to be worth over $100k by iteself.


COMPS TO CONSIDER

7308 S Oak Ave, Broken Arrow 74011

3 bed 2 bath  1,687 sqft built 1983

0.34 Acres. Sold for $192,500 


12951 S 152nd East Ave, Broken Arrow 74011

3 bed 2 bath 1,530sqft house built 1963

0.98 Acres Sold: $200,000 on 07/16/2020


For reference, for what new builds are going for right around there

7825 S Redbud Ave, Broken Arrow, 74011. 2 bed 2 bath 1,726 sqft

0.11 acres Sold: $260,433 on 11/10/20 


This is a large rehab project. This property is severely dilapidated and needs to be completely rehabbed.

We are selling an assignable contract. We are investors. The purchase of our properties requires cash/line of credit or hard money to purchase them along with proof of funds to consider any offers. Please conclude all inspections prior to sending any offers. All offers will require a non-refundable deposit before the contract is deemed accepted. The buyer is responsible for paying all closing costs and the title will close with Close Line Title and Escrow. We are selling an assignable purchase contract. Our company is the holder of the contract, please do not market this as your own deal! Absolutely no trespassing on the property. All showings are PRIVATE and MUST BE SCHEDULED. We work with cash buyers, line of credit, or hard money lenders.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Cory Boatright

No reviews

Disposition manager