1579 Eastside Lake Rd, Graham, TX 76450

$399,000
2
BD
3
BA
1,800
SqFt

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List Price
$399,000
MLS#
21414433
Status
ACTIVE
Type
Single Family Residential
Subtype
Residential
Style
Contemporary
Year Built
2022
Construction Status
Preowned
Bedrooms
2
Full Baths
2
Half Baths
1
Acres
1.10
Living Area
1,800
County
Young
City
Graham
Subdivision
Lk Graham
Number of Stories
1
Architecture Style
Contemporary

Property Description

Turnkey investment opportunity with a lake view! This Lake Graham leasehold property offers incredible financial flexibility and cash flow potential, easily functioning as a full-time residence, an income generator, or a blended-use retreat. Includes two distinct, beautifully updated residences built in 2022. The 1,200 sq. ft. house offers a comfortable 1 large ensuite bedroom with a bathroom and walk-in closet connecting to a utility room with washer and dryer hookups. The open concept kitchen and living room combo features granite-countertops beneath vaulted ceilings. Both the living room and the bedroom have sliding doors access to a covered back porch with multiple seating and dining spaces facing the western sky lake view for morning coffee, afternoon drinks, and family cookouts. Includes a half bath for guests and gatherings. Under the same roof as the main house is a 600 square foot carport workshop that could converted to extra living space if needed. Both the main house and the efficiency apartment boast custom granite countertops with modern finishes in the kitchens and bathrooms with luxury wood like vinyl flooring throughout. The property's income potential is the separate 600 sq. ft. efficiency apartment, currently operating as an affiliated AirBNB, generating 1,000–1,500 monthly. This apartment was designed as a handicap accessible unit with it's own kitchen, bedroom, and bathroom. The yard has a sprinkler system with the water supplied from Lake Graham. Included is a parking space ready for a travel trailer with water and sewer hookups for personal use or as another rental potential. Along with storage container on site, the sellers are open to negotiating most of furnishings (except for some family heirlooms), furniture, appliances, tools, and yard equipment, The City of Graham leasehold is currently $1,000 a year (discounts available for 65+ and homestead). This is a rare chance to offset your lake lifestyle with established income.

Additional Information

Unexempt Taxes
$5,076
Other Equipment
Generator, Negotiable
Lot Size
47,916
Acres
1.10
Lot Description
Sprinkler System-Yard, Waterfront
Interior Features
Vaulted/Cathedral Ceilings, Decorative Designer Lighting Fixtures, Eat-In Kitchen, Granite Counters, Kitchen Island, Vaulted/Cathedral Ceilings, Walk-In Closet(s)
Flooring
Vinyl
Roof
Metal
Stories
1
Pool Features
None
Exterior
RV Parking/RV Hookup
Garage Spaces
2
Parking Garage
Additional Parking, Covered, Carport, Garage, Rv/Boat Parking
School District
Graham Isd
Elementary School
Graham
Middle School
Graham
High School
Graham
Possession
CloseOfEscrow
Community Features
Fishing, Lake

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Listing courtesy of Austin Chamness from Weatherbee Real Estate. Contact: (940) 549-2152

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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