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$252,000

1120 N Commerce St, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,485 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.38 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave

Exterior

Lot Size7,126 sqft

Building Information

Year Built1940
Roof Type106

Land Information

APN3062
Lot Number2
SubdivisionSparks Addn
Land UseResidential
Legal DescriptionSPARKS ADDN; BLOCK 20; LOT 2; TR A; ACRES .1636
Census Tract000500
Assessed Land Value$31,991
Assessed Improvement Value$30,126
Assessment Year2025

About this property

This fully remodeled house has stainless steel black finish appliances and real hardwood floors! The Superb kitchen, featuring a granite countertop, boasts a new Stove and microwave, as well as ample space to create culinary masterpieces. It has a front and a backyard with covered porches. And it will be great for get-togethers and BBQs. An open floor plan is visually pleasing and easy to navigate. New windows, a new roof, and a high-efficiency home with foam insulation, upgraded electrical and plumbing, and a new HVAC (under warranty). It is near to every convenience available in Gainesville, and not to mention the attic is 90% accessible storage with decking

Investor Tools

Property Icon
$252,000
Estimated Property Value
$0Estimated Mortgage Balance
$252,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,527 /month
Positive
Cash Flow Estimate:
$509 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$203/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,177
$62,117
2025
$31,991
$30,126
$62,117
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,177
$62,117

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$252,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
N/A
+$1,050/mo
5.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gainesville

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1120 N Commerce St | Property Details | No Agent List