Gainesville, TX 76240
$50,000List Price
$528 Est. Mo. Payment
For a given home price of $50,000, the monthly mortgage is computed using a 5% down payment ($2,500) and a 7.5% annual interest rate, spread over 360 payments.
4
3
0
1,805ft2

Scott Wandell

EXP REALTY

, TX

Status

Available

Market MatchUP

How this home compares to similar 4 bedroom homes in Gainesville
  • Price Comparison
    $562,558 lower
  • Home Size
    616 sq. ft. smaller
  • Built in 1920
    Older than 98% of homes in Gainesville
  • Gainesville Snapshot
    229 active listings
    22% have 4 bedrooms
    • Typical 4 bedroom size: 2421 sq. ft.
    • Typical 4 bedroom price: $612,557

Description

Attention investors and visionaries!!!! Opportunities like this rarely hit the market. Waiting for the right buyer with the knowledge, skill, and creativity to bring it back to life. The home requires extensive repairs, it already offers a rare multi-unit setup that can generate strong rental income once restored. The main house has been converted into a duplex with two separate units. Side A features 3 bedrooms and 1 bath, offering space for a family rental, while Side B includes 1 bedroom and 1 bath ideal for a single tenant. Both sides of the duplex have private entrances, making them appealing to renters once renovations are complete. Behind the main home is a separate structure with plumbing and electrical installed. With finish-out, this could serve as a third rental unit— Three income streams on one property. Investors will see their portfolio increase the potential for steady cash flow is undeniable. Properties like this are rare in the Gainesville market, especially with the groundwork already in place for multiple rental units. With the right updates—new systems, cosmetic improvements, and a smart floor plan—this could be transformed into a turnkey investment. Imagine the rental income from three doors under one roofline, or renovate and resell to another investor looking for a multi-family opportunity. For seasoned flippers, this is the kind of project that pays off. For landlords, it’s a chance to build long-term equity and cash flow in a growing rental market. Tenants will appreciate easy access while you benefit from strong demand. If you’re looking for a property with high upside and the bones of a long-term moneymaker. Bring your contractor, bring your vision this one pencils out. Lower listed price is to Garner the attention for multiple offers and seller will be presented with all offers for the final decision.

MLS Listing ID

21059935

Listed By

Scott Wandell
469-815-9054
EXP REALTY

Map

High School
Gainesvill
Elementary School
Edison
High School District
Gainesville ISD
Tax Annual Amount
1909
This expanded setting will include additional fields to closer define your loan needs and payment amount.
$
$
%

Estimated Monthly Payment

$528

Loan Amount

$47,500

This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.

Home Facts

Bathroom

Bathrooms Full
3

Kitchen

Appliances

  • Electric Range
  • Electric Water Heater

Laundry

Laundry Features

  • Electric Dryer Hookup

Highlights

Interior Features

  • Eat-in Kitchen

Roof

  • Shingle

Sewer

  • Public Sewer

Levels

  • One
Lot Size Acres
0.207
Parcel Number
3203

Pool Features

  • None
Property Type
Residential

Parking Features

  • Driveway
  • Additional Parking
Property Sub Type
Single Family Residence

Fireplace Features

  • Wood Burning
  • Masonry
Virtual Tour
Validating link...

Flooring

  • Vinyl
  • Laminate
Year Built
1920

Foundation Details

  • Pillar/Post/Pier

Architectural Style

  • Detached

Utilities

  • Sewer Available
  • Water Available