A rare chance to own a move-in-ready duplex in the heart of Whitesboro, with creative terms available and both sides delivered vacant so you can step right in. 305 and 307 Depot Street share one roof, and each side lives like its own home with a private entrance, full… Read More kitchen, and comfortable living space. The 307 side offers 3 bedrooms and 1 bath, and the 305 side offers 2 bedrooms and 1 bath. Together that is 5 bedrooms and 2 full baths across roughly 1,986 square feet, built in 2000 on a 0.29-acre lot just one block off Main Street downtown. No HOA, and an easy walk to local shops and cafes. There is real flexibility here for the right buyer. The owner holds the property free and clear, so creative financing is on the table and worth a conversation. Priced at $298,000, comfortably below the roughly $320,000 appraised value, it leaves room to add your own touches with some fresh paint and flooring. It is a wonderful fit for house-hacking. Settle into one side, rent the other, and let your tenant help cover the payment while you build equity faster. Prefer pure investment? Hold both sides for steady cash flow. Local rents in 76273 generally support around $2,600 to $3,000 a month combined once both units are refreshed, and this property has a long history of staying full and re-leasing quickly. With two addresses already in place, there is also nice upside to separate the sides later and sell a unit on its own, somewhere near $175,000, or close to $350,000 for the pair. The setting is the kind of friendly, small-town Grayson County life people move here for, just minutes from the US-82 and US-377 interchange and about an hour north of the DFW Metroplex. Sherman, Denison, and the shores of Lake Texoma are all a short drive away. Come take a look and picture the possibilities. We would love to show it to you. Read Less
Courtesy of Deal Smith Realty LLC, Derek Smith.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Duplex
Beds
5
Full Baths
2
Lot Size
0.29 Acres
Year Built
2000
MLS Number
21300313
Additional Details
Appliances & Equipment
Dishwasher, ElectricOven, Disposal
Building
Built in 2000, Construction materials: Brick, Levels: One, 1 building, 1, Toal building area: 1986
Cooling
CentralAir
Expenses
Insurance: $1,000
Exterior Features
PrivateYard, RainGutters, Storage
Fence
BackYard, ChainLink, Fenced, Full
Floors
Tile, Wood
Heating
Central
Income
Gross income: $24,000, Net operating income: $15,000
