UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,050 sqft
Subdivision Na
MLS Listing ID 21360795
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N None
Year Built 2001
Annual Tax Amount $7,275
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Single Family Residence
Property Description
Attention investors! This unique property offers two residences on approximately 1.5 acres with 4,050 square feet of total living space. The front single family home features 4 bedrooms and 2.5 bathrooms, while the back barndominium features 3 bedrooms and 2 bathrooms, providing an excellent value add opportunity for an investor, builder, or rehab specialist.
Both homes are approximately 60 to 65 percent remodeled, with substantial renovation work already completed. The remaining work provides an opportunity for the investor to finish the renovations and potentially capture significant upside.
Conveniently located near the intersection of Highway 69 and Highway 56, the property is approximately 20 minutes from Sherman and situated within the expanding North Texas growth corridor.
To make the process easier for the next owner, a property survey, city application for subdividing the parcel into two lots, and upgrade and renovation plan are available. These materials provide a helpful roadmap for completing the project and exploring the potential subdivision opportunity.
With 1.5 acres, 4,050 square feet of total living space, two residences, 7 bedrooms, 4.5 bathrooms, substantial renovations already completed, and supporting plans and documentation available, this property presents a unique opportunity for an investor looking to complete the rehab, potentially subdivide, and maximize the property value.
Bring your vision and finish the transformation. This is an exceptional value add opportunity in a rapidly growing North Texas area.
Location
State TX
County Grayson
Direction Use GPS for driving directions
Rooms
Dining Room 1
Interior
Interior Features Pantry
Cooling Ceiling Fan(s), Central Air, Electric
Appliance None
Exterior
Utilities Available City Sewer, City Water
Garage No
Building
Lot Description Acreage
Story Two
Level or Stories Two
Schools
Elementary Schools Bells
High Schools Bells
School District Bells Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21360795
Nearby Locations
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Rebecca Flores Castro And Sandra Longoria
Agent | License ID: 711249
Agent License ID: 711249