TAKE NOTE OF THE FABULOUS GROWTH POTENTIAL with this property! With almost a quarter acre of land, and within walking distance to the University of Central Oklahoma, this property has so much to offer! Check out the other properties on the block and you will see that almost all of them have built additional homes/rentals behind the primary residence. With the City of Edmond's approval, there is the potential to add an additional multi-bedroom/bath dorm style home with access from the alley behind this property. This ONE OF HE LAST ONES on the block where you could potentially make this addition, so just think of the additional revenue you could generate. The property extends to the east almost all the way to the neighbor's driveway, so there would be ample space for additional parking if a rental was added behind the home. The home is currently rented through January 2026, so, the lease would transfer to the buyer. Now let's talk about the home that's already there - a 1929 charmer with 3 bedrooms, 2.5 bathrooms. Updates include refinished original wood floors, updated interior paint, new light fixtures, granite countertops (kitchen and kitchen bar), new dishwasher, and new gas stovetop, and more. The study/bedroom and half bath in the front of the home are perfect for work or study at home situations. There's still opportunities to add your personal touches to the home. A BIG PLUS for the property is location, location, location - close to UCO, shopping, restaurants, banks, medical offices, and so much more. Within walking distance to Northern Hills Elementary and Edmond Hospital.