Property
Beds
2
Full Baths
1
1/2 Baths
None
Year Built
1910
Sq.Footage
1,233
ATTENTION INVESTORS, FLIPPERS, AND BUILDERS: This is the math-making project you have been waiting for in Whitewright. Priced aggressively at $94,900, this package includes a 1,233-square-foot historic 1910 cottage PLUS an adjacent 0.163-acre buildable lot with its own parcel ID (0.326 acres total). This property is being sold strictly AS-IS and is a prime candidate for a full cosmetic and systems overhaul. Whether you are looking for your next fix-and-flip, a long-term rental hold, or a multi-phase development project, the margins and exit strategies here are undeniable. The existing home features classic Texas cottage bones with a covered front porch, an attached carport, and a spacious layout that includes a converted great room with an original fireplace mantle. The interior currently features vintage wood paneling, a large eat-in kitchen footprint, and a combined utility and bathroom space that is ripe for reconfiguration. The property requires significant TLC, including roof evaluation, ceiling repairs, kitchen and bath gutting, and flooring, making it ideal for a seasoned contractor or cash buyer ready to get their hands dirty. The true X-factor is the extra lot. You have the flexibility to renovate the existing structure and sell the package, hold the home as a rental while building new construction next door, or split the parcels to maximize your return on investment. The property is connected to city water and sewer. Located just blocks from downtown Whitewright and local schools, the location offers strong resale or rental demand once completed. Do the math - With recent renovated sales in Whitewright pushing well past $150 per sq ft, the ARV potential on the existing home alone leaves plenty of meat on the bone, let alone the value of the vacant lot. Cash or conventional financing only. No blind offers. Bring your contractor, run your numbers, and submit your highest and best. This investor special will not last long at this price point.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
1
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Fireplace(s), Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Other Exterior Features
Storage
-
Parking
Carport
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Wooded, Few Trees, Interior Lot, Level, Landscaped
-
Lot Size(acres)
0.163
-
Lot Size(square feet)
7100.28
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Craftsman
Price
-
Sales Price
$94,900
-
Tax Amount
$1,221
-
Sq. Footage
1, 233
-
Price/SqFt
$76
HOA
-
Association
No
School District
-
Elementary School
Whitewright
-
Middle School
Whitewright
-
High School
Whitewright
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
Grayson
Elementary School
Whitewright
Middle School
Whitewright
High School
Whitewright
Listing Courtesy of Dana Worth , Russell Realty
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