610 N 12th St, Collinsville, OK 74021

Welcome to 610 N 12th St in Collinsville! This 3-bedroom, 2-bath home offers plenty of space and potential for someone looking to make a home their own. The property features a large attached garage/shop area that provides excellent space for vehicles, tools, projects, storage, or a home workshop. The property also includes an extra lot, giving you additional outdoor space and possibilities that are hard to find with a typical in-town property. This home is being offered as a fixer-upper and does need repairs and updating. Some of the work needed includes subfloor and floor decking replacement, HVAC updates, electrical and plumbing work, and sheetrock repairs. It's a great opportunity for someone who isn't afraid of putting in some work and wants the chance to improve a property while making it their own. With three bedrooms, two bathrooms, a large attached shop, an extra lot, and plenty of room for improvement, this property has a lot of potential for the right person. Lease-to-own opportunity available. LEASE-TO-OWN TERMS Monthly Payment: $1,500 Lease-Option Consideration: $5,000 Purchase Price: $185,000 Lease Term: 5 Years Interest Rate: 10% Amortization: 30 Years Annual Payment Increase: 5% This property is offered through a 5-year lease-to-own program. Monthly payments start at $1,500 and increase by 5% annually. The purchase arrangement is calculated using a 30-year amortization at 10% interest. Applicants who are able to provide more money upfront may qualify for a lower starting monthly payment, depending on the amount paid upfront and the final agreed terms. At the end of the 5-year lease term, the projected remaining purchase price is approximately $169,000. The resident will need to either: Purchase the property outright Obtain financing for the remaining balance Enter into a new agreement with the property owner, if mutually agreed upon This is a fixer-upper lease-to-own opportunity and the property is being offered with the understanding that repairs and improvements are needed. All lease-to-own terms are subject to the final written agreement and applicant approval.