Cherokee Fixer-Upper

505 East FM 501 Cherokee,TX. 7.6 +/- acres with 1300 square foot home on site. Potential for buyer/new owner to subdivide out other 2 lots and add a tiny home, cabin or single family residence to be built or moved on to the lots. Great opportunity to finish the renovation on the existing home already begun by the current owners and turn into a much needed rental in the Cherokee area. Wells in the area are reported to produce 50-100 GPM. Current survey is available. Owner reports a well on site, however actual GPM unknown. Electric is available and septic would need to be installed on other lots if desired.**Disclaimer** Small interior lot (Approx half acre w/small cabin) not part of sale and would need buyer/buyer's agent to verify ownership in order to pursue that purchase separately. Lot sizes include: Total acreage 7.6 +/- acres The 1330 sq.ft home and 2.3 +/- acres Flag pole lot approx. 3.8 acres Triangle lot approx. 1.5 +/- acres All lots have FM 501 frontage/access THIS PROPERTY IS SUBJECT TO PRIOR SALE, CHANGE IN PRICE, OR REMOVAL FROM THE MARKET WITHOUT NOTICE. ALL INFORMATION IS DEEMED TO BE TRUE & CORRECT TO THE BEST OF OUR KNOWLEDGE AND FROM RELIABLE SOURCES. PROPERTY TAXES ARE SUBJECT TO CHANGE ANNUALLY. SAN SABA REALTY OR ITS ASSOCIATES WILL NOT BE HELD LIABLE FOR ANY CHANGES OR DISCREPANCIES. If there is another broker/agent representing the buyer, they must accompany the buyer at the initial and all other showings of the property in order to share equally in the commission. Thank you.