26TH CHOCTAW, OK 73020

Features

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Facts

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Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Let's talk APPRECIATION!!! This 2.25 ac (MOL) of prime Choctaw Real Estate is sure to bring solid returns as the city develops. Located on a corner lot, just steps from arterial intersection 23rd & Hiwassee, and conveniently between Choctaw & Nicoma Park townships, this acreage is within a designated "Growth District" by The City of Choctaw. Current plans to rezone are to Suburban Residential, with possibility of rezoning Commercial in the near future. Recent commercial development nearby includes full-service Domino Gas Station at NE corner of 23rd & Hiwassee. Property is 1 minute away from luxurious 18 hole Choctaw Creek Golf Course which will soon be home to local staple, Charlie's Sports Bar. Buy & hold; buy, flip & rent; or buy, flip & occupy; for several years, rezone, then liquidate and realize massive profits. Several structures are housed on the property, all of which are dilapidated. There is some value in structures, however most value is in the land. Property has 2 wells and septic, functionality of which is unknown. Mineral Rights potentially available. Seller claims to own entire mineral acreage, however deed research suggests 50% ownership of Lot 18 only. More research to come. Storage Wars! Additional potential value to chattel located on the property (vintage clothes & furniture, antique appliances, etc.) Property is two lots sold as one. Property being sold as-is, however demolition work ***potentially*** negotiable. Buyer to verify all information. *****ABSOLUTELY NO TRESSPASSING, APPOINTMENT REQUIRED*****