Current Use by Public Records
- Land
Property Details for 114 Santa Fe
- Lot size
- 3.23 lot acres
- Property type
- Land
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ennis
- County
- Ellis
- State
- Texas
- Longitude
- -96.6326
- Latitude
- 32.3126
