208 W Watts ST, El Reno, OK 73036
208 W Watts ST, El Reno, OK 73036
208 W Watts ST, El Reno, OK 73036
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Listed by Tyler Weinrich • Homestead + Co
$300,000
Est. payment /mo
9 Beds
8 Baths
4,422 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,422 sqft

Price per Sqft $67

MLS Listing ID OKC1249741

Style Traditional

Bedrooms 9

Full Baths 8

Construction Status Brick & Frame

Year Built 1920

Annual Tax Amount $2,138

Lot Size 6,250 Sqft

Property Sub-Type More Than 4 Units

Property Description

Motivated seller, make an offer! Great investment opportunity in El Reno. 6 unit apartment building (206 W Watts), 3 bed 2 bath 1999sf (first level 1565sf, second level about 434sf) single family home (208 W Watts), and 8000 sf vacant lot at 500 S Choctaw. All sold as a package. 5/7 units are rented, all month to month leases several to long term tenants, with total rents at $2400 ($350 $400, $450 $550 and $650). Market rent in El Reno for 1 bedroom with tenant paying all utilities is around $700 putting total market rent for 206 Watts at or around $4200. 6 unit is in solid condition and already cash flowing. It could use some exterior work, but inside is great and rent ready. The single family home at 208 Watts needs more rehab inside and outside. Retail value on the SFH is around $200k when updated. The vacant lot at 500 S Choctaw is a great corner lot that could serve as parking for tenants (not needed now but an option) or additional units could be built on it. Seller is open to any offer so don't be shy. Owner finance is available but terms will not be better than a bank meaning rate will be higher and down payment larger. No set terms as they depend on borrower financials and experience.

Location

State OK

County Canadian

Interior

Heating Electric

Cooling Electric

Fireplaces Type None

Fireplace N

Exterior

Roof Type Composition

Building

Lot Description Corner Lot

Story 2

Foundation Conventional

Architectural Style Traditional

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Hillcrest Es

Middle Schools Etta Dale Jhs

High Schools El Reno Hs

School District El Reno

Others

Acceptable Financing As is Condition, Cash, Conventional

Listing Terms As is Condition, Cash, Conventional

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Multiple Listing Service of Oklahoma (MLSOK)

Nearby School & Business

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Gordon Watson

Gordon Watson

+1(405) 631-2882

Broker License ID: 80415

Broker License ID: 80415

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