402 S Gaines Street, Ennis, TX 75119 - MLS#20765208

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Rhonda Brown

rhonda.brown@c21bowman.com +1(214) 414-2002

$190,000

Est. payment - /mo

2 Beds

2 Baths

5,662 Sqft Lot

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UPDATED:

11/07/2024 02:31 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision O T Ennis

MLS Listing ID 20765208

Bedrooms 2

Full Baths 2

HOA Y/N None

Total Fin. Sqft 1104

Year Built 1983

Annual Tax Amount $3,112

Lot Size 5,662 Sqft

Acres 0.13

Property Description

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.

Location

State TX

County Ellis

Direction From Ennish High School go east on Lake Bardwell Drive; Left on Clay; Right on Waco to Gaines

Interior

Interior Features Other

Heating Electric

Cooling Electric

Flooring Carpet, Tile

Appliance Electric Range

Heat Source Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Garage No

Building

Lot Description Corner Lot

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Bowie

High Schools Ennis

School District Ennis Isd

Others

Ownership VCP 30 Duplex Owner LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Pam Smith • LPT Realty LLC

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Rhonda Brown

+1(214) 414-2002

Agent | License ID: 0747745

Agent License ID: 0747745

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