About This Home

This 4-bedroom, 3-bathroom single family at 308 S Jernigan Street in Bells, TX is listed for $399,000 ($99 per sqft). Built in 2001, the home offers 4,050 sqft of living space on a 1.50 acres lot.

Key Features

  • Built in 2001
  • 1.50 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
2001

Amenities

A/C
Listing Description

Investor Opportunity Partially Completed Rehab on 1.5 Acres in Fast Growing North Texas. Seller Financing Available. Attention investors! This unique property offers two residences on approximately 1.5 acres with 4,050 square feet of total living space.

The front single family home features 4 bedrooms and 2.5 bathrooms, while the back barndominium features 3 bedrooms and 2 bathrooms, providing an excellent value add opportunity for an investor, builder, or rehab specialist. Both homes are approximately 60 to 65 percent remodeled, with substantial renovation work already completed.

The remaining work provides an opportunity for the investor to finish the renovations and potentially capture significant upside. Conveniently located near the intersection of Highway 69 and Highway 56, the property is approximately 20 minutes from Sherman and situated within the expanding North Texas growth corridor.

To make the process easier for the next owner, a property survey, city application for subdividing the parcel into two lots, and upgrade and renovation plan are available. These materials provide a helpful roadmap for completing the project and exploring the potential subdivision opportunity.

With 1.5 acres, 4,050 square feet of total living space, two residences, 7 bedrooms, 4.5 bathrooms, substantial renovations already completed, and supporting plans and documentation available, this property presents a unique opportunity for an investor looking to complete the rehab, potentially subdivide, and maximize the property value. Bring your vision and finish the transformation. This is an exceptional value add opportunity in a rapidly growing North Texas area.

Monthly Cost Estimate

$2,134/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,729
Insurance$116

Estimates only. Actual payments may vary.

Location

308 S Jernigan Street

Bells, TX 75414

Features & Amenities

Interior Features

Pantry

Property Details

Cooling

ElectricCeiling Fan(s)Central Air

Questions & Answers

This 4-bedroom, 3-bathroom single family at 308 S Jernigan Street is listed at $399,000 ($99/sqft). The estimated monthly payment is $2,134 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2001, 1.50 acre lot, 2 stories. Interior Features: Pantry.

This property is listed by Bhavik Jaguwala.

BJ

Bhavik Jaguwala

Agent at Reliable Brokerage Group

Listed by Reliable Brokerage Group · Broker phone: (469) 677-2360 · View on Broker Site

MLS# 21360795· Source: North Texas Real Estate Information Systems, Inc.· 1 day on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

308 S Jernigan Street, Bells, TX 75414

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