Discover the potential this home has to offer! Built in 1963, this 3-bedroom, 2-bathroom home offers a fantastic foundation for investors and homebuyers alike. With approximately 1,484 sq ft of living space on a generous 7,475 sq ft lot, there's ample room to create value. Enjoy a covered backyard patio perfect for relaxing or entertaining. This property is an ideal candidate for an FHA 203(k) renovation loan, allowing you to finance both the purchase and necessary upgrades into one convenient mortgage. This makes it an accessible and strategic investment for modernizing and maximizing its appeal and rental potential. Location is key! Enjoy close proximity to Terrell High School, making school commutes a breeze. The home is just a short drive from Downtown Terrell, offering charming local shops, dining, and community events. Outdoor enthusiasts will appreciate the nearby parks, providing ample green space for recreation and family fun, and close to Lake Tawakoni. Don't miss this opportunity to acquire a promising asset in a desirable Terrell neighborhood. Whether you're looking for a strategic rental property or a place to personalize and call home, this home offers significant upside. Key Highlights: 3 Bedrooms, 2 Full Bathrooms Approx. 1,484 sq ft on a 7,475 sq ft lot Covered Backyard Patio Excellent FHA 203(k) Loan Candidate! Close to Terrell High School Near Downtown Terrell & Local Parks