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$329,000   Price Analysis
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115 and 117 5 E Tennie
Gainesville, TX 76240
5 bed 3 bath 2,052 SqFt ($160/SqFt)
0.31 acre lot. Built 1930
Listed 2024-01-25, Taxes $1,622
USDA Eligible
near Gainesville, TX
 Restrictions may apply
due to home size

THREE INCOME PRODUCING RENTALS IN ONE PROPERTY!

Investors are you looking for properties that will generate income immed itely? This is a perfect opportunity for you. In the heart of Gainesville historical district, these properties are in an excellent area. Easy accessibility to I-35 enhances their appeal, for convenient commuting. Whether you're starting your rental portfolio or expanding it, this investment is in a historically rich location with reliable income streams.

115 Tennie is a 2-1-1, 117 Tennie is a 2-1-0 and 117.5 Tennie is 1-1-0. All 3 properties have rain gutters, solar screens and new roofs were installed May 2024. Updates include carpet, paint, doors, blinds and landscaping. One unit has a new sewer main line. Call for detailed list of updates. The 2 bedroom units have central HVAC. Each unit has open kitchens. They are occupied by quiet excellent tenants. 117 Tennie is vacant for showing, make appointment today to get started in a rental investment property.


Presented by Nev Patterson at
RE MAX Signature Properties.
Listing Agent Photo

Property MLS #20517860 from NTREIS

Bedrooms: 5

Built-in Features
Cable TV Available
High Speed Internet Available
Flooring: Carpet, Laminate, Vinyl

Dishwasher
Electric Range
Gas Water Heater
Microwave
Refrigerator

Cooling Features: Ceiling Fan(s), Central Air, Electric
Heating Features: Central, Natural Gas

Full Bathrooms: 3

Covered Patio/Porch
Fencing: Fenced Yard: Chain Link, Partial, Wood
Patio And Porch Features: Covered

Corner Lot
Lot Description: Less Than .5 Acre (not Zero)
Lot Size Acres: 0.308
Lot Size Square Feet: 13416

Attached Garage: Yes
Covered Spaces: 1
Garage Spaces: 1
Parking Features: Garage Single Door, Driveway

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 3

Elementary School: Chalmers
High School: Gainesvill
School District: Gainesville ISD

Gainesville Junior High School is a public middle school located approximately 0.4 miles away.
directions icon Map directions

Edison Elementary School is a public elementary school located approximately 1.2 miles away.
directions icon Map directions

Gainesville High School is a public high school located approximately 1.4 miles away.
directions icon Map directions

St Marys School is a private elementary and middle school located approximately 1 miles away.
directions icon Map directions

Gross Income: 32580.00

Source Listing Status: Active
County: Cooke
Directions: From I35 N Frontage Road, take S Weaver to Hird, go Right, to Dixon, Left to Tennie, go Right and houses will be on the left, no sign
Source Property Type: Residential Income
Source Neighborhood: Bell
Parcel Number: 19572
Subdivision: Bell
Property Subtype: Multiple Single Units
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$42,596 + $31,946
$74,542
$1,622
2021$31,779 + $18,792
$50,571
$1,262
2020$28,799 + $18,792
$47,591
$1,225
2019$25,041 + $18,792
$43,833
$1,164
2018$22,763 + $13,920
$36,683
$1,002
2017$21,704 + $13,920
$35,624
$972
2016$21,278 + $13,920
$35,198
$956
2015$21,148 + $13,920
$35,068
$951
2014$21,036 + $12,528
$33,564
$893
2013$21,036 + $12,528
$33,564
$867
2012$20,068 + $12,528
$32,596
$841
2011$20,157 + $13,224
$33,381
$870
2010$20,691 + $13,572
$34,263
$907
2009$18,913 + $13,920
$32,833
$865
2008$18,913 + $9,100
$28,013
$757
2007$18,913 + $9,100
$28,013
$757

Listed 2024-01-25
$329,000
NTREIS
Listing removed 2023-10-22
$0
AppfolioUnits
Listing removed 2023-10-20
$995
NTREIS
Listed for rent 2023-10-17
$995
NTREIS
Listed for rent 2023-10-17
$995
AppfolioUnits
Listing removed 2023-02-28
$995
NTREIS
Listing removed 2023-02-17
$0
Zumper
Listing removed 2023-02-16
$0
AppfolioUnits
Price Changed for rent 2023-02-10
$995
Zumper
Price Changed for rent 2023-02-10
$995
AppfolioUnits
Price Changed for rent 2023-02-09
$995
NTREIS
Price Changed for rent 2023-01-24
$1,095
Zumper
Price Changed for rent 2023-01-24
$1,095
AppfolioUnits
Price Changed for rent 2023-01-23
$1,095
NTREIS
Price Changed for rent 2023-01-05
$1,100
Zumper
Price Changed for rent 2023-01-05
$1,100
AppfolioUnits
Listed for rent 2022-10-21
$1,195
NTREIS
Listed for rent 2022-09-29
$1,195
Zumper
Price Changed for rent 2022-09-29
$1,195
AppfolioUnits
Listed for rent 2022-08-16
$1,275
AppfolioUnits
Listing removed 2021-11-17
$0
AppfolioUnits
Price Changed for rent 2021-10-14
$1,095
AppfolioUnits
Price Changed for rent 2021-10-04
$995
AppfolioUnits
Listed for rent 2021-09-30
$675
AppfolioUnits
Sold 2019-03-04
$0
Public Record
Sold 2007-06-06
$0
Public Record

Net Operating Income: 29046

Year Built: 1930
Building Area Total: 2052
Construction Materials: Construction: Siding
Foundation Details: Pillar/Post/Pier
Levels: One
Property Age: 94
Roof: Composition, Shingle
Year Built Details: Preowned

Utilities: Asphalt, Cable Available, City Sewer, City Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Natural Gas Available, Overhead Utilities, Phone Available
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.