Investor Opportunity Partially Completed Rehab on 1.5 Acres in Fast Growing North Texas
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.
Property Details
- Interior
- Pantry
- Cooling
- 1
- Cooling Features
- Central Air, Ceiling Fans, Electric
- Bedrooms
- 4
- Bathrooms
- 2.5
- Full Baths
- 2
- Half Baths
- 1
- Lot Features
- Acreage
- Lot Description
- Acreage
- Acres
- 0.0
- Square Feet
- 4050.0
- Lot Size (sqft)
- 1.5
- Parking Features
- See Remarks
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 0.0
- Property Type
- Purchase
- Style
- Detached
- Property Subtype Additional
- Single Family Residence
- Year Built
- 2001
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Sewer Available, Water Available
- Subdivision
- NA
- School District
- Bells ISD
- Elementary School
- Bells
- Middle School
- Pritchard
- High School
- Bells
- County
- Grayson
- Region
- Bells
- Days on Market (Cumulative)
- 29
- Taxes Annual
- $7,275
Location
Legal
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Provided By
Listed by Bhavik Jaguwala (#0815607)
Listing Office: Reputed Brokerage (#RBGR01)
