Listing provided courtesy of Deal Smith Realty LLC- MLS# 21300313MLS ProviderContact Information: Derek Smith

307 Depot StreetWhitesboro, TX 76273

Multi-Family · 5 Beds · 2 Full Baths · 1,986 Sq. ft. | 0.29 Acres
$298,000 Active

307 Depot Street Overview

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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 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.

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307 Depot Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,986
  • Price/Sq.ft. $150
  • Lot 0.29 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Whitesboro ISD
  • Elementary School: Whitesboro
  • Middle Or Junior School: Whitesboro
  • High School: Whitesboro

Income/Expenses

  • Gross Income: 24000.0
  • Insurance Expense: 1000.0
  • Net Operating Income: 15000.0

Building Information

  • Year Built: 2000
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Grayson
  • Postal City: WHITESBORO
  • Subdivision Name: Mcfalls Add

Tax Information

  • Tax Annual Amount: 4400.0

General Information

  • Listing Terms: Cash,Conventional,FHA,Owner Will Carry,Private Financing Available,USDA Loan,VA Loan
  • Parcel Number: 170251
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Total: 2
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 1986.0

General Information

  • Appliances: Dishwasher,Electric Oven,Disposal
  • Flooring: Tile,Wood
  • Foundation Details: Slab
  • Interior Features: Pantry,Natural Woodwork
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Concrete,Driveway,Paved
  • Parking Total: 8.0

Lot Information

  • Lot Features: Back Yard,Lawn,Many Trees
  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Square Feet: 12632.4
  • Lot Size Units: Acres
  • Number Of Buildings: 1

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Composition,Shingle

General Information

  • Exterior Features: Private Yard,Rain Gutters,Storage
  • Fencing: Back Yard,Chain Link,Fenced,Full
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

307 Depot Street Market Data

Based on the last 30 days in this zip code

$934,799
Average List Price
$450
Average Price per Square Foot
7
Properties Sold
121
Average Days on Market
130
Properties for Sale
Calculations provided by Reliance Network


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