405 Colorado, Whitney, Texas

Description

405 S Colorado St in Whitney, TX is a true value add opportunity for investors looking for their next project near Lake Whitney. This 3 bed 2 bath home sits in an area with new construction nearby and is just minutes from Whitney State Park, Whitney Dam, and local lake area amenities. The property needs a full renovation and is best suited for an experienced investor, flipper, or builder. seller’s contractor has quoted the cost for the repairs, giving buyers a clear starting point to underwrite the project. Current condition is rough, but the location gives this deal multiple exit strategies: renovate and resell, hold as a rental, or explore a fresh build site approach. With surrounding improvement activity and proximity to Lake Whitney, this is a low entry opportunity for investors who understand heavier value add projects and want upside in a small Texas lake market.

Property Highlights:

3 Bed 2 Bath

Approx. 1,780 sqft

Built in 1945

Heavy fixer full renovation needed

seller’s contractor has quoted the cost for the repairs.

Near Lake Whitney, Whitney State Park & Whitney Dam

Surrounded by nearby new construction

Potential flip, rental, or build-site play

Assignment of Contract

Buyer to verify all property facts, repair estimates, zoning, build options, utilities, permits, and final exit strategy.

Directions: From TX-22, W Jefferson Ave, turn south onto S Colorado St. Continue a few blocks. the property is located on the left at 405 S Colorado St.