Fascinating property with tons of potential! Entire living space is upstairs. Downstairs is all garage space, with 3 doors and a total of 1352 square feet. Downstairs can be used as commercial, upstairs as residential, or turn downstairs into living space and make it a duplex! Electrical and plumbing were updated in 2007. Roof was replaced in 2007 as well. Ductwork for HVAC exists, but units are not currently operational.
Because of uniqueness of property, it is tough to comp. Many comparably aged and sized homes in this area don’t have garages at all. 1024 W Johnson (0.3 miles away) is a 3/1, 1483 SF with 3 garage bays. It’s not updated, and sold for $119,900 on March 12 after 52 DOM. So while our property is slightly smaller, it has way more garage space and with updates, would certainly sell for much more than that. If positioned as a commercial property downstairs and residential upstairs, ARV would be higher.
This property is owned free and clear by Strike First Properties, LLC and is being sold AS IS for cash or hard money only. Buyer pays all transactional closing costs. All offers should be presented on a TREC contract with $3,000 earnest money and no option period. Realtors and wholesalers, add your own fee. Do your own due diligence on all aspects of this deal. Information is deemed reliable but not guaranteed. Closing will occur at Security Title on Heritage Pkwy in Sherman. Sorry, no exceptions. Property is vacant and available for immediate showings. Contact us for showing instructions.