Paragon Realtors Real Estate

604 S Spears StreetAlvarado, TX 76009Price: $199,900

  • Price: $199,900
  • Est. Mortgage of $/month
  • 115 Days on Market
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $199,900List Price
  • 3Bedrooms
  • 1Bathrooms
  • 1.79Acreage
  • 1,224Square Feet

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Listed by Nathan Bowers of AmbitionX Real Estate
Set on nearly 1.8 acres, this Alvarado property offers space, flexibility, and strong rehab potential for the right buyer! The 3-bedroom, 1-bath main home features just over 1,200 square feet with a straightforward layout ready for renovation. As shown in the photos, the property needs work throughout, making it an ideal opportunity for investors, flippers, or buyers looking to customize from the ground up. The standout feature of the property is the detached two-car garage with unfinished upstairs space, presenting excellent potential for a future apartment, guest suite, office, or rental unit (buyer to verify). With multiple structures already in place, this property offers options that are increasingly hard to find. Fixer, fixer-upper, investor special, handyman special, value-add, rehab opportunity, renovation project, flip potential, sweat equity, project home, needs work, not turnkey, as-is, cash or renovation loan, opportunity property, full rehab, cosmetic updates, interior renovation, unfinished space, expansion potential, add square footage, convert garage, detached two-car garage, garage apartment potential, ADU potential (buyer to verify), accessory dwelling unit, guest suite potential, rental conversion, office conversion, multiple structures, outbuilding, secondary living space, income-producing potential, nearly 1.8 acres, large lot, cleared acreage, land value, room to expand, add improvements, hard-to-find acreage, open space, country feel, Alvarado TX, Alvarado ISD, near schools, near shopping, easy highway access, convenient location, growing area, investors, flippers, buy and hold, rental strategy, short-term rental potential (verify), long-term rental, owner-investor, contractor special, property with upside, bring your vision, customize from the ground up, land plus structures, rare opportunity with acreage, sold as-is, buyer to verify all uses

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Based on information submitted to North Texas Real Estate Information Services as of May 20, 2026 8:10 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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