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
Property Features
Property Information:
Year Built: 2023
Listing Office:
Office Name: RE/MAX FIRST REALTY
Office Phone: (940) 665-0376
Listing Agent: Trisha Villa
Interior Features
Interior Information:
Appliances: Convection Oven, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
Flooring Type: Concrete
Interior: High Speed Internet, Open Floorplan, Cable TV
Last updated on: 11/5/2024, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,690
Per Month
Principal & Interest
$1,623
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,041
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Callisburg Elementary School
648 Fm 3164
Distance between this listing and this school7.01 miles
Public District Grades PK-5
Middle School
5
/10
Callisburg Middle School
308 Dozier St
Distance between this listing and this school5.06 miles
Public District Grades 6-8
High School
7
/10
Callisburg High School
308 Dozier St
Distance between this listing and this school5.06 miles
Public District Grades 9-12
Assigned Schools
3
/10
Callisburg Elementary School
648 Fm 3164
Distance between this listing and this school7.01 miles
Public District Grades PK-5
Nearby Schools
2
/10
W E Chalmers Elementary School
1745 S Radio Hill Rd
Distance between this listing and this school4.46 miles
Public District Grades 2-3
7
/10
Lindsay Elementary School
625 Knight Dr
Distance between this listing and this school8.62 miles
Public District Grades PK-6
Assigned Schools
5
/10
Callisburg Middle School
308 Dozier St
Distance between this listing and this school5.06 miles
Public District Grades 6-8
Nearby Schools
3
/10
Robert E Lee Intermediate School
2100 N Grand Ave
Distance between this listing and this school3.07 miles
Public District Grades 4-5
4
/10
Gainesville Middle School
1201 S Lindsay St
Distance between this listing and this school5.23 miles
Public District Grades 6-8
Assigned Schools
7
/10
Callisburg High School
308 Dozier St
Distance between this listing and this school5.06 miles
Public District Grades 9-12
Nearby Schools
3
/10
Gainesville High School
2201 South I 35
Distance between this listing and this school6.65 miles
Public District Grades 9-12
3
/10
Thackerville High School
18943 Us Hwy 77
Distance between this listing and this school8.56 miles
The neighbors living near this home have an average income of $42,208. The most common annual income of people living in Gainesville, TX is less than $35k. Most families are married, no kids. Residents of this area typically have high school diploma education.
This home is located at 2289 County Road 131 A,B,C,D in Gainesville, TX and zip code 76240. This home, which was built in 2023, sits on a 2.14 acre lot. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $325,000.
The number of homes for sale in Gainesville, TX increased by 10.6% between September 2024 and October 2024. Listings spent 90 days on the market in October 2024, and had a median list price of $324,975 during the same period.
From Rocket Homes Real Estate and based on county public records data.