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!!
Super Rare Income producing property that sits on 5 acres with 13 one bedroom one bath units, covered parking, a barn with living quarters, small storage buildings, piped fencing for livestock, and more. All units are currently leased and there is extra space to build additional living quarters and storage buildings. The property is located partially inside the city limits and has city water, and a conventional septic system. Great Investment Opportunity that will not last long! A list of rental income available upon request.
Brand New 4plex is perfect for investors! One Building Left. 207 W Cloud Street! Never used! 2 Bedroom 2 Bath Quadplex available! Fenced backyard with a patio perfect for BBQ. Craftsman style, two-story Quadplex. Granite countertops are throughout, and there is a built-in microwave in the kitchen, a double sink, and a dishwasher. The laundry closet comes furnished with a washer & dryer in each unit. LVT flooring and carpet throughout each unit. There are ceiling fans in the living rooms and bedrooms, with LED lighting. Each unit has a fenced backyard!
The median home value in Gainesville, TX is $197,500. This is lower than the county median home value of $299,800. The national median home value is $338,100. The average price of homes sold in Gainesville, TX is $197,500. Approximately 46.22% of Gainesville homes are owned, compared to 46.58% rented, while 7.21% are vacant. Gainesville 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 Gainesville real estate agent to arrange a tour today!
Gainesville, Texas 76240 has a population of 17,146. Gainesville 76240 is less family-centric than the surrounding county with 15.78% of the households containing married families with children. The county average for households married with children is 30.6%.
The median household income in Gainesville, Texas 76240 is $47,164. The median household income for the surrounding county is $63,338 compared to the national median of $69,021. The median age of people living in Gainesville 76240 is 33.8 years.
The average high temperature in July is 94.1 degrees, with an average low temperature in January of 30.5 degrees. The average rainfall is approximately 40.1 inches per year, with 3.2 inches of snow per year.