Ennis, TX 75119 402 S Gaines Street
$192,500
Pending
13 more
Presented By: Pam Smith with LPT Realty, LLC.; 877-366-2213
Beds • 2
Baths • 2
SQFT • 1,104
Home Details
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.
Presented By: Pam Smith with LPT Realty, LLC.; 877-366-2213
Interior Features for 402 S Gaines Street
Bedrooms
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Tile
Heating Y/NYes
Interior AmenitiesGraniteCounters, Other
Total Fireplaces
General for 402 S Gaines Street
Additional Parcels Y/NNo
AppliancesElectricRange
Attached Garage No
AttributionContact877-366-2213
Cap Rate7.02
Carport Spaces0.0
Carport Y/NNo
CityEnnis
Construction MaterialsBrick
CoolingElectric
CountyEllis
DirectionsFrom Ennish High School go east on Lake Bardwell Drive; Left on Clay; Right on Waco to Gaines
Electric On Property Y/NNo
Elementary SchoolBowie
Elementary School DistrictEnnis ISD
Full Baths2
Garage Spaces0.0
Garage Y/NNo
Gross Income17400.0
HOANo
HeatingElectric
High SchoolEnnis
High School DistrictEnnis ISD
Home Warranty Y/NNo
Insurance Expense777.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 5 BLK 199 O T ENNIS .132 AC
LevelsOne
Lot Size Square Feet5662.8
Lot Size UnitsAcres
Middle/Junior School DistrictEnnis ISD
MobileHomeRemainsYNNo
ModificationTimestamp2025-03-28T16:22:59.000-00:00
Net Operating Income13511.0
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
Pool FeaturesNone
PossessionCloseOfEscrow, SubjectToTenantRights
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Stories1
Subdivision NameO T Ennis
Tax Annual Amount3112.0
Tax Lot5
UtilitiesSewerAvailable, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built1983
Year Built DetailsPreowned
Exterior for 402 S Gaines Street
Building Area Total1104.0
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesOther
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesOther
Lot Size Acres0.13
Lot Size Area0.13
Lot Size SourcePublicRecords
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDriveway
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Schools
Elementary School
Bowie Elementary School
High School
Ennis High School
Middle School
N/A
