918 W Morgan St, Denison, TX 75020

Description

Fantastic investment opportunity on two spacious lots totaling .35 acres. This property includes a three-bedroom home, a detached garage, and a separate workshop—ideal for hobby space, storage, or tinkering with your toys. The second lot is fully fenced and gated, offering privacy and flexibility for future use.

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.