4623 W 3rd St

Lease terms

1Lease-to-Own Opportunity Build Equity While You Improve 4623 W. 3rd St., Tulsa, OK 74127 This 3-bedroom, 1-bathroom home offers approximately 1,216 square feet of living space and is situated on a generously sized lot. The property features a large fenced backyard and a concrete pad, ideal for additional parking, a workshop, storage building, or outdoor entertaining. It also backs up to the Katy Trail area, providing added appeal for outdoor enthusiasts. The home requires repairs, presenting a valuable opportunity for buyers interested in adding equity over time. With thoughtful updates, the current layout may also allow for conversion into a 4-bedroom residence. Repairs needed include: - Replacement of some windows - Installation of a few interior and exterior doors - Minor electrical updates - Sheetrock repairs - Replacement of the hot water tank - Flooring improvements The property also benefits from a relatively new roof, reducing the need for immediate major exterior work. Lease-to-Own Terms: - Monthly Rent: $1,150 - Lease Option Fee: $5,000 - 5-Year Lease Option - Pets permitted with a monthly fee of $40 per pet per month This property is well-suited for individuals seeking a pathway to homeownership and willing to invest in improvements to build long-term value.