106 Baker St, Shawnee, OK, 74801

106 Baker Street: A Three-Asset Investor Package in Shawnee

There is a certain kind of real estate deal that does not make sense for most buyers but makes a lot of sense for the right one. 106 Baker Street is that deal.

The right buyer is an investor with an eye for renovations and a realistic project budget. Conventional financing is not available here. Fannie Mae, Freddie Mac, FHA, VA, and USDA programs require an appraisal that this property would not support, so cash or private financing is the path forward.

But for an investor who can see what this package can become, there is real upside to look at.

What Is Included

The $220,000 price covers three assets on a single 2.71-acre parcel.

The main house at 106 Baker Street is a 3-bedroom, 1.5-bath ranch home built in 1977, approximately 1,846 square feet. The bones are good. Brick accent walls anchor the living room, and a sunken family room with exposed wood-beam ceiling gives the home a character that renovation buyers routinely overpay to recreate. The kitchen has already seen some updating: stainless appliances, granite counters, and an island are in place. The heavy lifting is flooring and cosmetics throughout. The attached garage has been converted to living space, though the mechanical elements are still in place for any buyer who wants to restore garage function.

The 1,200 square foot detached shop is more versatile than the square footage alone suggests. The front portion is a large open workshop. Behind it sits a separate room with a full bathroom — a layout that opens the door to an ADU conversion for an investor willing to do the homework on applicable covenants. Even without that play, a shop this size with a bathroom adds meaningful utility and tenant appeal regardless of the exit strategy.

The mobile home on the same parcel, addressed as 108 Baker Street, appears to be in good overall condition. With an open floor plan, vaulted ceiling, and a functional kitchen, it could generate rental income while the main house is being renovated, giving an investor a built-in offset for carrying costs during the project.

One Issue to Know About

The mobile home currently shares a water well with the neighboring property to the east. The new owner will need to establish a separate water source for it before the mobile home can function independently. That is a real cost to underwrite in your numbers, but it is also a known and solvable problem rather than a hidden one.

The Investor Math

Shawnee’s rental and resale markets have held steady, and a package like this one offers multiple exit strategies. A full renovation and flip on the main house, with the mobile home generating income in the background, is one path. A buy-and-hold strategy with both the house and mobile home as long-term rentals is another. The land itself, 2.71 acres with mature oaks, has value that does not disappear regardless of what is on it.

At $220,000 for the whole package, the entry point leaves room to work.

How to See It

This is a cash or hard money listing. If you are an investor with a renovation eye and a realistic budget for a project like this, I would be glad to walk it with you.