About this property

Investor special with strong upside in Gordonville. Located in a quiet lake-side community near Lake Texoma, this property sits on a large double lot with mature trees and a secluded setting, offering both privacy and potential. The home includes separate entrances for both upstairs and downstairs, creating excellent rental or multi-generational possibilities. The downstairs is currently unfinished and designed for 2 bedrooms, 1 full bath, a living area, and storage. It will need flooring and full finish-out to complete. The upstairs is fully functional, featuring an open kitchen, a spacious family room with tile flooring, 3 bedrooms, and 1.5 baths. Additional improvements are needed, including a new roof and siding updates. Once renovations are complete, the property’s estimated after-repair value (ARV) is approximately $290,000, creating excellent upside for investors. Just minutes from Lake Texoma and Sherman, this home offers seclusion, space, and long-term potential in a desirable and growing area.