$225,000
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1 Bath
400 SqFt
SOLD DATE : 08/25/2023
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 400 sqft
Price per Sqft $562
Subdivision R-Pena
MLS Listing ID 20316011
Sold Date 08/25/23
Style Other
Full Baths 1
HOA Y/N None
Year Built 2012
Annual Tax Amount $2,357
Lot Size 4.580 Acres
Acres 4.58
Property Description
This property presents a unique opportunity for a potential buyer to own land with existing rental units and the potential for personal residential development. With three tiny homes on the property, one of which will convey with the sale, and one being a travel trailer, the property is already generating rental income. The other two tiny homes are tenant-owned and could potentially continue to be rented out, providing additional rental income. Furthermore, the property has three septic systems, two of which are aerobic systems, allowing for flexibility in building and development plans. The current setup of the property presents the option to leave the rental units in place and continue to generate rental income, or to move the tenants out and develop the property for personal residential use. Additionally, buyers should be aware of any local building codes or zoning regulations that may impact the development plans for the property.
Location
State TX
County Ellis
Direction From Ennis go east on State Highway 34 to FM 660. Turn left on FM 660 and stay on FM 660 until you get to the community of Bristol. Turn left at the first road in Bristol (that is Old Gin Road). Property is on the right at the second corner. SOP
Rooms
Dining Room 0
Interior
Interior Features Other
Heating None
Cooling None
Flooring Other
Appliance None
Heat Source None
Exterior
Utilities Available Aerobic Septic, Phone Available, Private Water, Septic
Roof Type Metal
Parking Type On Site, Open, Other
Garage No
Building
Story One
Foundation Block
Level or Stories One
Structure Type Siding
Schools
Elementary Schools Palmer
Middle Schools Palmer
High Schools Palmer
School District Palmer Isd
Others
Ownership Bryan Mabry
Financing Conventional
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Bought with Regina Jurica • City Real Estate
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Realtor | License ID: 0578764