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206 S Gaines Street, Ennis, TX 75119

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Listing Type
Single Family
Listing Status
pending
6
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$125,500

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Home Details for 206 S Gaines Street
Price
$125,500
Type
Single Family
Bedrooms
4
Total Bathrooms
3
Full Bathrooms
3
Year Build
1940
Sq. Ft.
2924
Lot Size
0.396
County
Ellis
Total Rooms
8
Garage
2
Tax
$5,803
MLS®️ Listing#
20938645
On exitrealty.com
152 days
Property Description
Investor Special – Major Rehab Opportunity, 2,995 Sq Ft Attention seasoned investors and experienced rehabbers – this is the project you've been waiting for. This 2,995 sq ft home is a full-scale renovation opportunity with significant potential for those ready to take on a serious challenge. The property is in major disrepair and requires comprehensive structural and systems work. The roof needs to be completely replaced, the foundation shows signs of instability and will need extensive repairs, and the city has turned off the water due to a significant leak, meaning a full plumbing replacement is required. Inside, there are multiple ceiling leaks and visible water damage. Additionally, the electrical system is outdated and does not meet current code—rewiring will be necessary. This property is suited for professionals with experience in foundation work, roofing, plumbing, and full-scale renovations. Located in a neighborhood with strong comps and redevelopment activity, this home offers the right buyer the chance to bring a distressed property back to life and capture substantial value on the back end. No utilities active.
Property Features
School Information

School Information for 206 S Gaines Street

Elementary School
Bowie
Middle School
Ennis
High School
Ennis
Listing Courtesy: LPT Realty LLC - 877-366-2213. Presented by: Terri Chase
mls_iconThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2025-05-16 07:16:58
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Market statistics compiled from data from Dallas MLS - N.T.R.E.I.S..
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EXIT REALTY PRO
1445 South Buffalo, Canton, TX 75103
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$125,500

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EXIT REALTY PRO
1445 South Buffalo, Canton, TX 75103
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