Ennis, TX 75119,404 Old Gin Road
$225,000
Est.Price: ?

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1 BA
400 SqFt

404 Old Gin Road Ennis, TX 75119

Est. payment /mo
SOLD DATE : 08/25/2023

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 400 sqft

Price per Sqft $562

Subdivision R-Pena

MLS Listing ID 20316011

Sold Date 08/25/23

Style Other

Full Baths 1

HOA Y/N None

Year Built 2012

Annual Tax Amount $2,357

Lot Size 4.580 Acres

Acres 4.58

Property Description

This property presents a unique opportunity for a potential buyer to own land with existing rental units and the potential for personal residential development. With three tiny homes on the property, one of which will convey with the sale, and one being a travel trailer, the property is already generating rental income. The other two tiny homes are tenant-owned and could potentially continue to be rented out, providing additional rental income. Furthermore, the property has three septic systems, two of which are aerobic systems, allowing for flexibility in building and development plans. The current setup of the property presents the option to leave the rental units in place and continue to generate rental income, or to move the tenants out and develop the property for personal residential use. Additionally, buyers should be aware of any local building codes or zoning regulations that may impact the development plans for the property.

Location

State TX

County Ellis

Direction From Ennis go east on State Highway 34 to FM 660. Turn left on FM 660 and stay on FM 660 until you get to the community of Bristol. Turn left at the first road in Bristol (that is Old Gin Road). Property is on the right at the second corner. SOP

Rooms

Dining Room 0

Interior

Interior Features Other

Heating None

Cooling None

Flooring Other

Appliance None

Heat Source None

Exterior

Utilities Available Aerobic Septic, Phone Available, Private Water, Septic

Roof Type Metal

Garage No

Building

Story One

Foundation Block

Level or Stories One

Structure Type Siding

Schools

Elementary Schools Palmer

Middle Schools Palmer

High Schools Palmer

School District Palmer Isd

Others

Ownership Bryan Mabry

Financing Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Kevin Goodman • eXp Realty, LLC
Bought with Regina Jurica • City Real Estate

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Tanika Donnell Realty

Broker | License ID: 9009351

+1(817) 890-7325

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