2289 County Road 131 #A,B,C,D

Gainesville, TX 76240
$325,000

Description

Introducing 2.14 acres of unrestricted land featuring an income-producing duplex with tenants already in place, offering immediate revenue. Located just 2.5 miles from Gainesville city limits on a paved road, each unit consists of a one-bedroom, one-bathroom layout. The property is equipped with an aerobic septic system and a Woodbine water meter, ready for expansion. The extra space behind the duplex provides potential for conversion into a triplex or quadruplex. Additionally, a 20x30, 6-inch concrete slab is in place for further development. Whether you choose to build more units or construct your dream home while enjoying the rental income, this property offers endless possibilities without the constraints of an HOA. Investors, don't miss this hidden gem!!

  • Property Details
      • Interior:Cable TV Available, High Speed Internet Available, Open Floorplan
      • Lot description:Acreage, Few Trees
      • Acres:2.1400
      • Property type:Multi-Family
      • Year built:2023
      • Foundation:Slab
      • Utility features:Septic
      • Subdivision:Shields Jd
      • School district:Callisburg ISD
      • Elementary School:Callisburg
      • County:Cooke
      • MLS #:20755526
      • Cost:325000
      • Property subtype:Quadruplex
      • MLS #:20755526

Location

Brenda MancilBrenda Mancil REALTOR®
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00