208 Main St Spavinaw, OK 74366
- Apartment buildings
- 2,880 SF
- 0.62 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 208 Main St
- Year built
- 1950
- Lot size
- 0.62 lot acres
- Property size
- 2,880 SF
- Property type
- Apartment buildings
Description
This exceptional property at 208 N Main Street, Unit 208, Spavinaw, OK presents a rare investment opportunity. The building, a former church, has been thoughtfully converted into a versatile multi-family dwelling spanning 2,880 square feet on a 0.62-acre lot. The upper level, accessible from the main entrance, functions as a spacious residence featuring four bedrooms, two bathrooms, a large kitchen, and abundant storage. High vaulted ceilings add to the grandeur of this unique living space. The lower level, a walkout basement, offers a completely separate entrance and comprises four individual studio apartments. This lower level also includes a shared, sizable kitchen and public restrooms, enhancing the appeal and convenience for tenants. The property's current configuration allows for dual functionality: maintaining the upper level as a private residence while generating rental income from the lower level apartments. Alternatively, the entire building could be converted into a fully multi-family property, potentially maximizing rental income and return on investment. This property is priced at $119,900 and offers significant potential for both residential and commercial use. The combination of its unique history, spacious layout, and multiple income streams makes this a truly exceptional investment opportunity in the desirable Spavinaw, OK market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Spavinaw
- County
- Mayes
- State
- Oklahoma
- Longitude
- -95.04768
- Latitude
- 36.39335
