Active

402 S Gaines Street

Ennis TX, 75119

$190,000


$172.10 per sqft

Active

2 Beds

2 Baths

1,104 sqft

Multi-family

Built in 1983

ATTENTION INVESTORS! Brick duplex with long-term tenants on oversized corner lot. Ennis is a thriving family community with local festival, parades, dances, etc. Home of the renowned Bluebonnet Festival, the Autumn Daze festival with its hay maze and pumpkin patch, Ennis is experiencing exponential growth so this is an excellent opportunity to purchase in a growing community. Each unit has a spacious bedroom with lots of closet space, one full bathroom with combo tub & shower, and a galley style kitchen with built-in cabinets. Current leases expire in March 2025. The tenants would be interested in staying, or someone could live in one side and rent out the other side. Currently leased below market rent. Comps suggest fair market rent should be $850-$1000 per month.

20765208

MLS ID

November 7, 2024

Updated

Map

402 S Gaines Street
Ennis TX, 75119

Interior Features

Total Stories

1


Bedrooms

2


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Other


Appliances

Electric Range


Floor Description

Carpet, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.13 Acres


Lot Features

Corner Lot


Roof

Composition


Sewer

Public Sewer

School Information

School District

Ennis ISD


High School

Ennis


Elementary School

Bowie

Other Property Details

Taxes

$3,112


Tax Frequency

Annually


Days on Market

7


Garage

No


Parking

Driveway


Parking Total

4


View

No


County

Ellis


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

11/7/2024

Price change

$190,000

-5%

Listed by Pam Smith with LPT Realty LLC
Listing Contact: 877-366-2213 

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 11/7/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 11/7/2024 at 3:11 AM UTC

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