504 E State Highway 11, Unit 506, Tom Bean, TX 75489

$390,000
3
BD
2
BA
2,376
SqFt

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List Price
$390,000
Price Change
▲ $10,000 1787694693
MLS#
21365970
Status
ACTIVE
Type
Single Family Residential
Subtype
Residential
Style
Detached
Year Built
1999
Bedrooms
3
Full Baths
2
Acres
0.18
Living Area
2,376
County
Grayson
City
Tom Bean
Subdivision
Annibal Bartlett
Number of Stories
2
Architecture Style
Detached

Property Description

Two homes, two addresses, and multiple possibilities—all in one distinctive offering. Schedule a showing and explore the investment, income, and lifestyle potential of this unique Tom Bean property. Discover a rare opportunity to own two separate, detached single-family homes at 504 and 506 E. Hwy 11 in Tom Bean. Together, the homes offer a total of six bedrooms and four full bathrooms, making this an attractive option for investors, owner-occupants, or multigenerational living. This is not a duplex—the homes are completely separate and share no connecting walls. That distinction gives occupants considerably more privacy and independence than a traditional side-by-side property. Attached garage, approximately 1,188–1,250 square feet in each home. Comfortable living areas with vaulted-ceiling detail, Central heating and air conditioning, Electric kitchen appliances, all bedrooms and one bath upstairs, one bath and laundry downstairs. For investors, this offering provides two income-producing residences in one purchase. Current rents have not kept pace with the properties’ values, giving a new owner the opportunity to evaluate future rental rates and improve overall income potential, subject to existing leases, market conditions, and applicable regulations. For buyers seeking a primary residence, the possibilities are equally appealing: live in one home and rent the second to help offset ownership costs. Because the houses are detached, you can enjoy your own private residence while your renter occupies a completely separate home. The arrangement could also accommodate extended family members while allowing each household to maintain its own space and privacy. Located directly on Hwy 11, the property offers convenient access to Sherman, US Highway 75, employment, shopping, dining, and other North Texas destinations while retaining the comfortable pace of Tom Bean living.

Additional Information

Unexempt Taxes
$6,405
Lot Size
7,840
Acres
0.18
Interior Features
Eat-In Kitchen
Stories
2
Pool Features
None
Garage Spaces
1
Parking Garage
Paved
School District
Tom Bean Isd
Elementary School
Tom Bean
Middle School
Tom Bean
High School
Tom Bean
Possession
CloseOfEscrow, SubjectToTenantRights

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Calculator source: Real Geeks

Listing courtesy of DONNA WOODRUFF from Weichert Realtors-Solid Ground. Contact: 903-583-4900

Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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