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$200,000

121 West Grand Street, Whitewright, TX, 75491

$260,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths4 Bath
Baths5,616 Sq Ft
price_per_sqft$35.61 / sqft
Year BuiltBuilt in 1912

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
FlooringCombination, Concrete, Painted Stained, See Remarks, Wood

Exterior

Lot Size3,550 sqft

Building Information

Year Built1911

Land Information

APNX004 4505109
Lot Number11
SubdivisionOtp Whitewright
Land UseResidential
Legal DescriptionOTP WHITEWRIGHT, BLOCK 16, LOT 11, ACRES .0815
Census Tract000102
Assessed Land Value$8,875
Assessed Improvement Value$140,411
Assessment Year2026

About this property

A rare opportunity to own the only three-story building in Downtown Whitewright, offering commercial space with the potential for residential use. Located at 121 W Grand Street within the Downtown Historic Business Area (DHBA), this distinctive brick property provides substantial space and flexibility for a buyer with the right vision. The street level is primarily commercial in design and features a traditional storefront entrance, multiple open areas, a bathroom, storage space, and an expansive rear garage with alley access. The second and third floors offer the potential to be renovated and used as residential living areas, making the property well suited for a live-work arrangement, an owner-occupied business, an investment property, or mixed-use redevelopment. The second floor includes additional living space, a loft, a full bathroom, and a utility area. The third floor features a large open living area, kitchenette, pantry, and bathrooms. Both upper floors retain their original copper ceilings, which have been painted but remain a distinctive part of the building’s historic character. Tall ceilings, wood accents, oversized rooms, and additional original architectural details further contribute to its one-of-a-kind appeal. The property requires renovation and is currently configured as a commercial building rather than a traditional residence. However, its three-story layout, downtown location, commercial frontage, potential residential living areas, and substantial rear storage create a unique opportunity to restore and reimagine a memorable piece of Whitewright.

Investor Tools

$0Estimated Mortgage Balance
$224,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$260,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$573/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,750
$149,286
2026
$8,875
$140,411
$149,286
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,750
$149,286

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$224,000
100%
0%
$0/mo

City: Whitewright

121 West Grand Street | Property Details | No Agent List