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About This Home

This 3-bedroom, 3-bathroom single family at 318 W Ross Street in Gorman, TX is listed for $120,000 ($57 per sqft). Built in 1937, the home offers 2,101 sqft of living space on a 0.26 acres lot.

Agent Description

**Investor Opportunity in Gorman, Texas!** Bring your vision and unlock the potential of this charming property situated on a corner lot in the quiet community of Gorman, Texas. This home offers solid potential for investors, flippers, landlords, or buyers looking to create value through renovation and updates.

The main level features a functional layout with plenty of space to reimagine and modernize, while the second floor includes a flexible bonus area complete with its own bathroom. This versatile space could serve as an additional bedroom, guest suite, office, game room, or rental space, adding to the property's value and appeal.

Located on a prominent corner lot in a peaceful small-town setting, the property offers excellent curb appeal potential and plenty of room for improvement. Whether you're looking for your next renovation project, a long-term rental investment, or an affordable property with upside, this home presents an opportunity to build equity and maximize returns.

Properties with this much potential at an affordable price point are becoming harder to find. Schedule a showing today and explore the possibilities this Gorman investment opportunity has to offer.

Key Features

  • Built in 1937
  • 0.26 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
1937

Amenities

A/C

Monthly Cost Estimate

$642/mo

20% down · 6.5% · 30 years

Principal$87
Interest$520
Insurance$35

Estimates only. Actual payments may vary.

Location

318 W Ross Street

Gorman, TX 76454

Ot Gorman

Property Details

Parking

Carport

Heating

Central

Cooling

Electric

Appliances

DishwasherElectricRangeRefrigerator

Questions & Answers

This 3-bedroom, 3-bathroom single family at 318 W Ross Street is listed at $120,000 ($57/sqft). The estimated monthly payment is $520 based on 20% down at 6.5% interest.

Key features include: Built in 1937, 0.26 acre lot, 2 stories.

This property is listed by Riley Dunlap and can be reached at (254) 485-5718.

RD

Riley Dunlap

Agent at Signature Land & Home

(254) 485-5718

Listed by Signature Land & Home · View on Broker Site

MLS# 21297431· Source: listhub· Updated today

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318 W Ross Street, Gorman, TX 76454

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