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    114 Santa Fe Ennis, TX 75119

    For Sale
    $1,200,000

    Prime 3.226-acre Ennis development site. 42-unit potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.226-acre parcel in Ennis, Texas, presents a rare development opportunity. Zoned MF-1, it's approved for multi-family residential use, with a maximum density of 18 units per acre. Complete engineering plans are included, encompassing both offsite water/sewer connections (Phase I) and site construction (Phase II), streamlining the permitting process. The plans support the development of 21 duplexes, totaling 42 units. Ennis's robust growth, approximately 5% annually, fuels strong rental demand, making this a compelling investment. The property's location offers convenient access to three Ennis ISD schools (Early Childhood Center, Elementary, Intermediate, and High School) all within a half-mile radius. Asking price is $1,200,000. This is a turnkey opportunity to capitalize on Ennis's thriving housing market. The property is located at 114 Santa Fe, Ennis, Ellis County, Texas, 75119.

    Property Features for 114 Santa Fe

    General Information

    Property type
    Land
    Lot Size
    140,525 SF

    HighLights

    • 21 duplex lots (42 units) available.
    • Engineering plans complete for water/sewer and site construction.
    • Zoned MF‑1, allowing up to 18 units per acre.
    • Three Ennis ISD schools within a half‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ennis
    County
    Ellis
    State
    Texas
    Longitude
    -96.63258
    Latitude
    32.31258

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    FAQs

    What type of property is this?
    Land - Prime 3.226-acre Ennis development site. 42-unit potential.
    Where is this land located?
    The property is located at 114 Santa Fe Ennis, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 21 duplex lots (42 units) available.; Engineering plans complete for water/sewer and site construction.; Zoned MF-1, allowing up to 18 units per acre.
    Request Owner's contact information
    114 Santa Fe Ennis, TX 75119
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Santa Fe Ennis, TX 75119
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