Outstanding investment opportunity in the heart of Ennis! This fully tenant-occupied triplex features 3 income-generating units, delivering consistent cash flow. Ideally situated near downtown, parks, dining, and shopping, this property offers a prime location for steady rental income. Perfect for investors seeking reliable returns in a growing market.
FULL DUPLEX ON OVER HALF AN ACRE IN HOT GROWTH AREA! Each side of this duplex is 2 bedroom, 1 bathroom. 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 2 spacious bedrooms with lots of closet space, one full bathroom with combo tub & shower, and a galley style kitchen with built-in cabinets. Current leases expire in March and April 2025. The tenants would be interested in staying, or someone could live in one side and rent out the other side. Currently leased below market rent. Comps suggest fair market rent should be $850-$1000 per month. Roof to be replaced with 30-year laminated black shingle roof prior to closing.
Lots of potential in this fourplex located in the growing area of Ennis. Close to restaurants, shopping, and everything Ennis has to offer. There is an opportunity to improve and increase rents, or continue to rent as-is.
Lots of potential in this fourplex located in the growing area of Ennis. Close to restaurants, shopping, and everything Ennis has to offer. There is an opportunity to improve and increase rents, or continue to rent as-is.
The median home value in Ennis, TX is $212,700. This is lower than the county median home value of $338,700. The national median home value is $338,100. The average price of homes sold in Ennis, TX is $212,700. Approximately 55.13% of Ennis homes are owned, compared to 36.02% rented, while 8.86% are vacant. Ennis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ennis real estate agent to arrange a tour today!
Ennis, Texas has a population of 19,942. Ennis is less family-centric than the surrounding county with 29.76% of the households containing married families with children. The county average for households married with children is 36.63%.
The median household income in Ennis, Texas is $61,471. The median household income for the surrounding county is $85,272 compared to the national median of $69,021. The median age of people living in Ennis is 33.9 years.
The average high temperature in July is 94.8 degrees, with an average low temperature in January of 33.7 degrees. The average rainfall is approximately 39.7 inches per year, with 1.1 inches of snow per year.