405 S Colorado St in Whitney, TX is a true value add opportunity for investors looking for their next project near Lake Whitney. This 3 bed 2 bath home sits in an area with new construction nearby and is just minutes from Whitney State Park, Whitney Dam, and local lake area amenities. The property needs a full renovation and is best suited for an experienced investor, flipper, or builder. seller's contractor has quoted the cost for the repairs, giving buyers a clear starting point to underwrite the project. Current condition is rough, but the location gives this deal multiple exit strategies: renovate and resell, hold as a rental, or explore a fresh build site approach. With surrounding improvement activity and proximity to Lake Whitney, this is a low entry opportunity for investors who understand heavier value add projects and want upside in a small Texas lake market. Property Highlights: 3 Bed 2 Bath Approx. 1,780 sqft Built in 1945 Heavy fixer full renovation needed seller's contractor has quoted the cost for the repairs. Near Lake Whitney, Whitney State Park & Whitney Dam Surrounded by nearby new construction Potential flip, rental, or build-site play Assignment of Contract Buyer to verify all property facts, repair estimates, zoning, build options, utilities, permits, and final exit strategy.