This Oklahoma City property presents a compelling flip opportunity with its low list price of $55K and strategic location near downtown. Built in 1907, this 906 sqft, 3-bed/1-bath home is currently tenant-occupied but labeled as a fixer-upper, requiring significant renovations. The recent $20K price reduction enhances its potential ROI.
Consider pursuing the 'add bed and bath' renovation scenario, which comp data shows could increase the property value to around $81K (48% increase). With the median neighborhood listing price at $215K, there's room for appreciation after renovations. Factor in the property's age (118 years) when budgeting for potential structural issues and ensure renovations align with the neighborhood's character.