35 photos
$300,000
208 W Watts St
El Reno, OK 73036
Tyler Weinrich, Homestead + Co · (405) 641-7659
What the listing says
Motivated seller, make an offer! Great investment opportunity in El Reno. 6 unit apartment building (208 W Watts), 3 bed 2 bath single family home (206 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). 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 206 Watts needs more rehab inside and outside. 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.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
HOA
None
More owner-financed homes near El Reno
Questions about owner financing in El Reno
What is owner financing for 208 W Watts St?
Owner financing means the seller of 208 W Watts St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this El Reno, OK home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this El Reno home?
There is no standard down payment. The seller of this El Reno home sets their own, and it is negotiable. Ask the seller or their agent.