TX
Ellis
Ennis
75119
206 S Gaines Street
206 S Gaines Street, Ennis, TX 75119
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Listing Type
Single Family
Listing Status
pending
6
$125,500

Home Details for 206 S Gaines Street

Price
$125,500
Type
Residential
Bedrooms
4
Bathrooms
3.0
Square feet
2924
Year built
1940
Lot size acres
0.396
County
Ellis
Total rooms
8
Garage
2
Days on site
130
MLS Listing#
20938645
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 Additionally, the electrical system is outdated and does not meet current code—rewiring will be necessary.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
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Central
    • Electric
  • House Interior
    • Kitchen Island
    • Vaulted Ceiling(s)
  • Parking
    • Driveway
    • On Street
  • Water Features
    • Public
  • Fire Place
    • Wood Burning
School Information
School Information for 206 S Gaines Street, Ennis, TX 75119
Elementary School
Bowie
Middle School
Ennis
High School
Ennis
Listing Courtesy: LPT Realty LLC - 877-366-2213
Presented by: Terri Chase
Dallas MLS - N.T.R.E.I.S. logoThe 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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EXIT REALTY ELITE
129 S. Main St, Ste 260, Grapevine, TX 76051
Jerry Hawn
License #: 0706288
Sales Representative
Office
817 925 5503
Agent
817 905 9019
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