$ 192,500

402 S Gaines Street

Ennis, TX 75119

  • 2 Beds
  • 2 Baths
    Full Baths: 2
  • 5,662 Lot Size
  • 1983 Year Built
ATTENTION INVESTORS! Brick duplex is ready for a new owner. Unit A is vacant and recently renovated. Unit B is tenant occupied. 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. Currently leased below market rent. Comps suggest fair market rent should be $850-$1000 per month.
Listed by Pam Smith of LPT Realty, LLC. , Sold By Kim Gardner of Keller Williams Realty

PROPERTY DETAIL

  • Key Details

    Sold Price $192,500

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Sold

    Purchase Type For Sale

    Subdivision O T Ennis

    MLS Listing ID 20829222

    Sold Date 06/02/25

    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 Sub-Type Duplex

  • Location

    State TX

    County Ellis

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

  • Building

    Lot Description Other

    Story One

    Foundation Slab

    Level or Stories One

    Structure Type Brick

  • Interior

    Interior Features Granite Counters, Other

    Heating Electric

    Cooling Electric

    Flooring Carpet, Tile

    Appliance Electric Range

    Heat Source Electric

  • Exterior

    Exterior Feature Other

    Utilities Available City Sewer, City Water

    Roof Type Composition

    Garage No

  • Schools

    Elementary Schools Bowie

    High Schools Ennis

    School District Ennis Isd

  • Others

    Acceptable Financing Cash, Conventional

    Listing Terms Cash, Conventional

    Financing Conventional

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