402 South Gaines Street
$190,000
2
2
1,104
1,104
$172
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...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.
- Listed by Pam Smith • TREC #0489719 • LPT Realty LLC • 877-366-2213
Property Details for 402 South Gaines Street
Subdivision Name
O T Ennis
PoolNo
Garage Spaces0
Number Of Parking Spaces4
LISTING UPDATED: 11/06/2024 08:31 PM
Property Details for 402 South Gaines Street
Status | Active |
---|---|
MLS # | 20765208 |
Days on Market | 23 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Full Duplex |
Year Built | 1983 |
Lot Size | 0.13 AC / 5,662 SF |
County | Ellis County |
Building Information for 402 South Gaines Street
Stories1Residences2Year Built1983Building Size-Lot Size0.13 AC / 5,662 SF
Property Information for 402 South Gaines Street
Property History for 402 South Gaines Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 402 South Gaines Street
Taxable ValueLand$49,500Additions$109,693Total$159,193
Tax Record2023$3,112 ($259 / month)
Home Facts
Baths2Total Finished SqFt1,104 SqFtAbove Grade Finished SqFt1,104 SqFtStories1Lot Size5,750 SqFtStyleMulti-Family Dwelling (2-4)Year Built1983Year Renovated1998CountyELLISAPN25.2001.199.005.00.103
Schools near 402 South Gaines Street
This home is within Ennis Independent School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 3 | |||
Public - | 4 to 5 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Bowie Elementary School Public1 to 3 | ||
Jack Lummus Intermediate School Public4 to 5 | ||
Ennis J High School Public7 to 8 | ||
Ennis High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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