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Property profile & analytics
OFF-MARKET
Land

114 Santa Fe Ennis, TX 75119

3.23 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 3.23 ac (140,525 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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