918 W Morgan Street Denison, TX 75020
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,092 sqft
Subdivision Millers 2Nd Add
MLS Listing ID 21354567
Bedrooms 3
Full Baths 1
HOA Y/N None
Year Built 1900
Annual Tax Amount $2,877
Lot Size 0.344 Acres
Acres 0.344
Property Sub-Type Single Family Residence
Property Description
The home has solid bones but needs renovation. Flooring and windows are the primary items requiring attention. Because of the flooring condition, the property will not qualify for standard FHA or conventional financing; however, it's an excellent candidate for an FHA 203K or conventional rehab loan. Estimated repairs are approximately $25,000. The seller is unable to make repairs.
There is significant upside here: the second lot provides room to build a second home, a duplex, or even redevelop both lots entirely—creating a strong income opportunity.
Major systems are in good shape. The water heater and A C are less than five years old, and the roof is approximately ten years old. Kitchen floor repairs were started but not completed.
This location is close to a revitalized downtown Denison and its many entertainment venues. Also, the new Margaritaville will be starting construction soon - a big tourist attraction that will help Denison grow!
Bring your vision—properties with this much potential and two full lots at 0.175 acres each don't come around often.
Location
State TX
County Grayson
Direction GPS Friendly
Rooms
Dining Room 1
Interior
Interior Features Open Floorplan, Paneling
Heating Central
Cooling Central Air
Flooring Carpet, Laminate
Appliance Electric Oven, Gas Water Heater, Plumbed For Gas in Kitchen, Refrigerator
Heat Source Central
Exterior
Exterior Feature Covered Patio/Porch
Garage Spaces 2.0
Utilities Available City Sewer, City Water, Electricity Connected, Individual Gas Meter, Sidewalk, Underground Utilities
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Lot Description Interior Lot, Lrg. Backyard Grass
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Schools
Elementary Schools Houston
Middle Schools Henry Scott
High Schools Denison
School District Denison Isd
Others
Acceptable Financing Cash, Conventional, FHA-203K
Listing Terms Cash, Conventional, FHA-203K
Nearby Locations
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