240 E Elm Dr, Murchison, TX 75778

Beds
2
Baths
2
Sqft
952

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Listed byColdwell Banker Anderson Realt
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Overview

INVESTOR OPPORTUNITY – Rare chance to acquire four lots for the price of one in the gated Hickory Hills HOA on Callender Lake in Murchison, TX. This corner property includes a 2-bedroom, 2-bath mobile home with lake views and road frontage on all four lots. Property is currently occupied.
The home needs repairs and is being sold as-is, making it ideal for investors, flippers, or developers. Keep and renovate the existing home, or remove the home and split into four individual buildable lots — strong upside potential either way. This Subdivision allows for Tiny Homes, RVs, Mobile Homes are all allowed. HOA amenities include private gated access, private boat ramp, swimming pool, park, and large pavilion. Property features a fenced backyard, storage building, large tornado shelter, and wood-burning stove in the living area. Road access is solid, utilities connected, and the rear of the property offers mature trees with a creek running behind all four lots, adding value, privacy, and drainage. Lake-area demand plus gated access makes this a strong long-term hold, flip, or resale play. Priced for condition and potential. Bring offers.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
2
Number of bathrooms
2
Square feet
952
Lot size (acres)
0.88
Year built
1977

Interior features

Fireplaces
1

Exterior features

Area amenities
Gated Community

Estimated monthly costs

HOA Fees
$30

Public schools

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Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21156905 Last checked:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.