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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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918 W Morgan St , Denison, TX 75020
$139,900
Est. Payment: $720.27/mo
3 Bed
1 Bath
1092 Sqft
Status: active | Days on site: 15
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Fantastic investment opportunity on two spacious lots totaling .35 acres. This property includes a three-bedroom home, a detached garage, and a separate workshop—ideal for hobby space, storage, or tinkering with your toys. The second lot is fully fenced and gated, offering privacy and flexibility for future use. The home has solid bones but needs renovation. Flooring and windows are the primary items requiring attention. Because of the flooring condition, the property will not qualify for standard FHA or conventional financing; however, it’s an excellent candidate for an FHA 203K or conventional rehab loan. Estimated repairs are approximately $25,000. The seller is unable to make repairs. There is significant upside here: the second lot provides room to build a second home, a duplex, or even redevelop both lots entirely—creating a strong income opportunity. Major systems are in good shape. The water heater and A C are less than five years old, and the roof is approximately ten years old. Kitchen floor repairs were started but not completed. This location is close to a revitalized downtown Denison and its many entertainment venues. Also, the new Margaritaville will be starting construction soon - a big tourist attraction that will help Denison grow! Bring your vision—properties with this much potential and two full lots at 0.175 acres each don’t come around often.

Highlights

Listed by Richard Campbell , Jones-Papadopoulos & Co , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
0.34

Year Built

1900

County

Grayson

Neighborhood

Millers 2nd Add

School District

Denison ISD

Listing ID

21354567

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Electric Oven, Gas Water Heater, Plumbed For Gas in Kitchen, Refrigerator
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Laminate
Other:
  • Additional:Open Floorplan, Paneling, Master on Main

Exterior Features

Lot:Interior Lot,Lrg. Backyard Grass,Less Than .5 Acre (not Zero)
Roof:Composition
Others:
  • Additional:Covered Patio/Porch
Parking Features:Additional Parking,Driveway,Garage,Garage Faces Front,Garage Single Door
Principal Interest
$720
Taxes
$240

Home Price

$139,900

Loan Details

30 yrs
6.674%

Down Payment

20%
$27,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$720.27

Principal

Taxes

Principal Taxes HOA Total
Monthly $720.27 $239.75 $0.00 $960.02
Yearly $8,643.19 $2,877.00 $0.00 $11,520.19
Total $259,295.74 $86,310.00 $0.00 $345,605.74

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Denison, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T23:23:04.180Z

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