Features & Amenities

Interior

  • Other Interior Features

    High Speed Internet

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Parking

    Additional Parking, Driveway, Oversized, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.289

  • Lot Size(square feet)

    12588.84

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $299,999

  • Tax Amount

    $5,531

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Houston

  • Middle School

    Henry Scott

  • High School

    Denison

Property Features

  • Foundation Details

    Pillar/Post/Pier

  • Sewer

    Public Sewer

  • Tax Lot

    25

  • Water Source

    Public

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Location

County

Grayson

Elementary School

Houston

Middle School

Henry Scott

High School

Denison

Listing Courtesy of Jency McGinley , Keller Williams NO. Collin Cty

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Great investment opportunity at 909 & 913 W. Chestnut! This income-generating triplex features three independent units, each with private access. Both lower-level units are currently leased, providing immediate rental income, while the top unit has been recently renovated and is move-in ready for a new tenant. Each unit has a separate electric meter, and all share a single water meter. Situated within walking distance of historic downtown Denison, the property offers easy access to dining, shopping, and entertainment. With two units already occupied and a freshly updated third unit, this property is ideal for investors seeking steady cash flow.

913 W Chestnut Street

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New on site 3 days ago
Investors and savvy buyers will find a rare gem in this fully updated 4-plex at 505 W Morgan St, which perfectly hits the elusive 1% rule and boasts a stabilized 8% cap rate, ensuring it remains cashflow positive from day 1. This property has undergone a full cosmetic remodel and offers significant structural peace of mind with a foundation repaired in 2024 and a roof replaced in 2017. The layout includes a spacious main building and a separate garage apartment featuring 3 reliable long term tenants who would like to stay (Unit 101 at $850, Unit 102 at $850, Unit 202 at $750) though the vacant unit (Unit 201) provides a perfect opportunity to househack and maximize your returns. Positioned for both incredible appreciation and strong monthly cashflow, this location is poised to benefit from the massive population explosion coming to Denison with the nearby billion-dollar Preston Harbor and Margaritaville developments. Tenants will love the convenience of being just blocks away from the historic charm of Downtown Denison, the recreation at Forest Park, and the community spirit of Munson Stadium. Do not miss this turnkey opportunity to own a high-performing asset in the heart of the North Texas boom. Everything is separately metered and tenants pay all utilities. 

Based on full ask offer, the mortgage would be as follows (Estimates not final, subject to change with market rates, credit, insurance cost, and other varying factors):

- 25% Down Conventional Investment Loan: PITI of $2,624
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Using preferred lender Taylor Hoff, he will provide a free 0.25% discount on interest rate for investment loans, and a free 1-0 buydown for FHA loans
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$347,500

MLS#: 21256732

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