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$399,000

1331 Cherry St, Graham, TX, 76450

$465,416 ARVInfo
On MarketInfo
CommercialInfo
Beds3 Beds
Baths— Bath
Baths3,924 Sq Ft
price_per_sqft$101.68 / sqft
Year BuiltBuilt in 1950

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms —Bathrooms —
FlooringTile, Vinyl

Exterior

Lot Size16,466 sqft

Building Information

Year Built1950

Land Information

APN11433
Lot Number5-7
Land UseResidential
Legal DescriptionSOUTHPARK - BLK 2, SOUTHWEST 3 FT OF LOT 5 & ALL OF LOTS 6-7
Census Tract950500
Assessed Land Value$32,020
Assessed Improvement Value$307,020
Assessment Year2025

About this property

Exceptional investment opportunity at 1331 Cherry St. in Graham, Texas! Formerly known as Trinity Senior Living, this beautifully remodeled and updated 3,900 square foot property is offered fully furnished and thoughtfully designed with 9 bedrooms (2 of them are currently office and storage), spacious common living areas, a large kitchen, dining area, laundry room, and an inviting screened porch. The property features 3 full bathrooms, including an ADA-accessible spa-style shower room, plus 1 half bath, creating a functional layout for a variety of potential uses. The home is approximately 90 percent complete, with the primary remaining improvement being completion of the fire sprinkler system and related finish work. Currently fully staffed, this property presents an outstanding opportunity for an entrepreneur, investor, or operator seeking to complete and customize the final phase for their intended use. The flexible floor plan lends itself to a variety of possibilities, including a residential senior living concept (subject to licensing, zoning, and governmental approvals), corporate housing, a boutique hospitality venture, or other residential investment opportunities. Conveniently located in Graham, the property also offers easy access to some of North Texas’ premier outdoor destinations, including Possum Kingdom Lake (approximately 30 minutes to both the east and west sides), Graham Lake, and Hubbard Creek Lake in nearby Breckenridge, making it an attractive option for those exploring boutique lodging or vacation rental possibilities where permitted. Whether you’re looking to establish a residential care business, create a unique hospitality experience, or invest in a versatile commercial property, 1331 Cherry St. offers an exceptional foundation with tremendous upside.

Investor Tools

$294,960Estimated Mortgage Balance
$105,040Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$465,416
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

Interested in this property?

Trenton Mooney

simpliHom

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$790/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,483
$339,040
2025
$32,020
$307,020
$339,040
No

Tax History

Year
Tax Paid
Assessed Value
2022
$7,483
$339,040

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Graham Savings And Loan Ssb
Open End Mortgage / Open End With Future Advance Clause
$320,000
No
First
May 13, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,960
$105,040
26%
74%
$1,919/mo

City: Graham

1331 Cherry St | Property Details | No Agent List