228 E Church, Gainesville Pending

  • $300,000
  • 6 beds
  • 5 baths
  • 5184 sqft

VIDEO TOUR OF PROPERTY

RARE OPPORTUNITY to purchase this grand estate just outside the perimeter of the Gainesville historic district. So much charm in this historic property constructed in 1910. Primary house features 3 levels plus a basement with hardwood floors throughout. Soaring ceilings and magnificent woodwork make this home a sight to behold. Walk outside to the nearly half-acre lot and find a below-ground pool, and a detached garage/workshop with an apartment for in-laws or extra income.

Previous owners lived in and cared for this home for many years, but were ready to downsize. Now, we are looking for a new owners who may choose to renovate this beautiful home before or while they live in it. Investors may choose a more thorough fix-and-flip strategy.

The land alone is valued at $85k by the county, and overall, the tax appraisal sits at $555k. Depending on exit strategy, this property could easily be worth $550-600k, based on existing comps.

This property is owned free and clear by Strike First Properties, LLC. No verbal or sight-unseen offers will be accepted. Property is being sold AS IS so do your own due diligence. All offers should be submitted on a standard TREC contract, with NO option period and a $10,000 earnest money deposit. Realtors or wholesalers should add their own fee. Buyer pays all transactional closing costs. No bank loans or seller financing available. Cash or hard money only. Serious inquiries only please.

PHOTOS SORTED BY SECTION OF HOUSE

Price:
$300,000
Address:
228 E Church
Gainesville, TX 76240
Square Feet:
5184
Lot Size:
0.44 acres
Bedrooms:
6
Bathrooms:
5
Terms:
For Sale
Property Type:
Home
Year Built:
1910
Basement:
unfinished

Call (903) 776-4580 for more details

Property Location