402 S Gaines Street Active Save Request In-Person Tour Request Virtual Tour
Ennis,TX 75119
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
Parking Type Driveway
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