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.
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