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Mike Bowman

[email protected] +1(817) 328-2342

$399,000

Est. payment - /mo

2 Beds

3 Baths

1,800 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Subdivision Lk Graham

MLS Listing ID 21414433

Style Contemporary/Modern

Bedrooms 2

Full Baths 2

Half Baths 1

HOA Y/N None

Year Built 2022

Annual Tax Amount $5,076

Lot Size 1.100 Acres

Acres 1.1

Property Sub-Type Single Family Residence

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.

Location

State TX

County Young

Community Fishing, Lake

Direction GPS Friendly. From Graham, drive northwest on HWY 380 toward Newcastle. Take the Eastside Lake Road exit toward the lake. Proceed to address. Lot #555. Sign in yard.

Rooms

Dining Room 2

Interior

Interior Features Built-in Features, Cathedral Ceiling(s), Decorative Lighting, Eat-in Kitchen, Granite Counters, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Central, Electric, Propane, Other

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Luxury Vinyl Plank

Equipment Generator, Negotiable

Appliance Dishwasher, Electric Range, Electric Water Heater

Heat Source Central, Electric, Propane, Other

Laundry Electric Dryer Hookup, Utility Room, Stacked W/D Area, Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Covered Patio/Porch, RV Hookup

Garage Spaces 2.0

Community Features Fishing, Lake

Utilities Available All Weather Road, City Water, Gravel/Rock, Individual Water Meter, Septic

Waterfront Description Lake Front

Roof Type Metal

Accessibility Accessible Bath - Full, Accessible Bedroom, Accessible Doors, Accessible Entrance

Total Parking Spaces 2

Garage Yes

Building

Lot Description Leasehold, Sprinkler System, Water/Lake View, Waterfront

Story One

Level or Stories One

Structure Type Metal Siding

Schools

Elementary Schools Graham

High Schools Graham

School District Graham Isd

Others

Restrictions Deed

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Survey Available, Verify Tax Exemptions

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Austin Chamness • Weatherbee Real Estate

Nearby School & Business

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Mike Bowman

+1(817) 328-2342

Broker License ID: 0273938

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1579 Eastside Lake Road Graham, TX 76450

Mike Bowman

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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