2289 County Road 131 Unit A,B,C,D Gainesville, TX 76240
Estimated payment $1,729/month
Highlights
- New Construction
- Deck
- 1-Story Property
- Open Floorplan
- Covered patio or porch
- High Speed Internet
About This Home
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!!
Last Listed By
RE/MAX FIRST REALTY Brokerage Phone: 940-665-0376 License #0621355 Listed on: 10/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,015
Year Built
- Built in 2023 | New Construction
Lot Details
- 2.14 Acre Lot
- Few Trees
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 1-Story Property
- Open Floorplan
- Concrete Flooring
Kitchen
- Convection Oven
- Electric Oven
- Electric Cooktop
Outdoor Features
- Deck
- Covered patio or porch
Schools
- Callisburg Elementary School
- Callisburg High School
Utilities
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 313778
Community Details
Overview
- 4 Units
- 1,200 Sq Ft Building
- Shields Jd Subdivision
Building Details
- Gross Income $111
- Net Operating Income $111
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,015 | $317,836 | $158,016 | $159,820 |
| 2023 | $4,114 | $322,200 | $180,968 | $141,232 |
| 2022 | $2,888 | $194,702 | $143,234 | $51,468 |
| 2021 | $1,685 | $92,144 | $92,144 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2025 05/03/25 | Price Changed | $249,500 | -3.9% | $208 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $259,500 | -5.6% | $216 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $275,000 | -1.4% | $229 / Sq Ft |
| 03/09/2025 03/09/25 | Price Changed | $279,000 | -6.7% | $233 / Sq Ft |
| 01/25/2025 01/25/25 | Price Changed | $299,000 | -8.0% | $249 / Sq Ft |
| 10/22/2024 10/22/24 | Price Changed | $325,000 | -4.4% | $271 / Sq Ft |
| 10/15/2024 10/15/24 | For Sale | $340,000 | -- | $283 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20755526
APN: 313778
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