For sale by owner. This is a solid old El Reno house priced for somebody who wants to finish it their way instead of paying retail for someone else's finishes.

The main floor has original hardwood, tall windows and rooms that are actually big. Living room and a separate dining room, two bedrooms, a full bath, a utility room with washer and dryer hookups, and a brick chimney wall with built in shelving that nobody builds anymore.

Upstairs is the part most people miss. It is a story and a half, so there are two more rooms and a closet up under the roof. They are already floored, plastered and windowed and they need finish work, but the space is there. Finish it out and you have a three bedroom in a town where three bedrooms sell in a whole different bracket.

Outside there is a detached garage, off street parking in the back, a fenced yard with mature trees, and a cellar under part of the house that doubles as a storm shelter. The foundation is block and it is in good shape, no repairs and no settling. Taxes run about $907 a year and there is no HOA.

Here is the honest part, because I would rather you hear it from me than find it at the inspection. It needs cosmetics throughout. The kitchen and bath are dated, the floors need refinishing or covering, and the outside wants paint. Heat is a gas floor furnace. There is a unit on a pad out back but I cannot promise you it runs, so plan on heat and air being your project. The roof is a single layer of composition with some shingles missing, so budget for a roof. I do not have ages on the water heater or the electrical panel and I am not going to make them up.

That is exactly why it is $50,000 and not $115,000. Updated 2 bed 1 baths in El Reno are listing between $113,000 and $125,000, and this floor plan rents for $1,100 to $1,200 a month. There is real room here for somebody who can swing a hammer or knows who to call.

Best fit is cash, a hard money loan, or a renovation loan like an FHA 203k or Fannie HomeStyle. Sold as is. I own it through Covet Properties LLC and I have never lived in it, so it sells with the Oklahoma disclaimer statement and the lead based paint disclosure, and we close through a local title company.

It is vacant with a lockbox on the door, so you can see it any day on your own schedule. Bring a contractor, bring whoever knows houses in your family, take your time in it.

Call or text Jordan at (505) 362-5834.