1. Texas
  2. Ennis
  3. 206 S Gaines Street
$125,500

206 S Gaines Street, Ennis, TX 75119

  • 4 beds |
  • 3 baths |
  • 2,924 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $43/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Investor Special – Major Rehab Opportunity, 2,995 Sq Ft Attention seasoned investors and experienced rehabbers – this is the project you've been waiting for. This 2,995 sq ft home is a full-scale renovation opportunity with significant potential for those ready to take on a serious challenge. The property is in major disrepair and requires comprehensive structural and systems work. The roof needs to be completely replaced, the foundation shows signs of instability and will need extensive repairs, and the city has turned off the water due to a significant leak, meaning a full plumbing replacement is required. Inside, there are multiple ceiling leaks and visible water damage. Additionally, the electrical system is outdated and does not meet current code—rewiring will be necessary. This property is suited for professionals with experience in foundation work, roofing, plumbing, and full-scale renovations. Located in a neighborhood with strong comps and redevelopment activity, this home offers the right buyer the chance to bring a distressed property back to life and capture substantial value on the back end. No utilities active.

Listing Status:
Pending
Listing Office:
LPT Realty LLC : 877-366-2213
Listing Agent:
Terri Chase :
MLS ID:
20938645

This listing courtesy of Terri Chase, LPT Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Bowie Elementary School

501 Jeter Dr, Ennis, TX, 75119

Grades 1-3

0.97 miles away

E

Ennis Jr High School

3101 Ensign Rd, Ennis, TX, 75119

Grades 7-8

1.81 miles away

E

Ennis High School

2301 Ensign Rd, Ennis, TX, 75119

Grades 9-12

1.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.