Gainesville, TX 76240 1546 County Road 123

1546 County Road 123 Gainesville, TX - Image 11546 County Road 123 Gainesville, TX - Image 21546 County Road 123 Gainesville, TX - Image 3
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1546 County Road 123 Gainesville, TX - Image 4
  • North Texas Real Estate Info Systems (NTREIS) - 37 - TX
  • MLS# 21059888
  • 09/27/2025
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Presented By: Terri Mccutcheon with Talley and Company, LTD; 972-978-7477
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
  • Beds • 5
  • Baths • 3
  • Year Built • 1998

Home Details

Peaceful country acreage lot with 2 income producing homes just minutes from Gainesville. This charming property offers the best of both worlds—quiet country living with convenient access to town, major highways, and shopping. This property would be ideal for a custom home site at the back while maintaining an income producing property at the road frontage. The homes are located on a spacious lot with a small pond, a 1200SF barn and small storage structures, mature trees at the back, partially fenced, and separate driveway access for the homes. Home at the front of the property is a 2 bedroom pier and beam, with a recent laundry room slab addition. Home at the rear is a manufactured home with 3 bedrooms and tenant provides all maintenance and repairs at current lease rate. Located in Cooke County, this property has no city taxes, provides easy access to Gainesville schools, dining, and amenities, while still delivering the privacy and tranquility of country living. Each home has separate meters for water and electric service. With its blend of space and potential, this property is ideal for those seeking rental income with potential for future development or a future acreage homesite.
Presented By: Terri Mccutcheon with Talley and Company, LTD; 972-978-7477

Interior Features for 1546 County Road 123

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Basement Y/NNo
Fireplace FeaturesOther
Fireplaces Total1
FlooringLinoleum
Interior FeaturesHigh Speed Internet Available
Lock Box TypeNone
Total Units2
Unit Count2

General for 1546 County Road 123

# of Buildings2
Accessory Unit Y/NNo
AppliancesElectric Range
Capitalization Rate0.00
Carport Spaces
CityGainesville
Complex NameN/A
Construction MaterialsAluminum Siding, Siding
CoolingCeiling Fan(s), Central Air, Electric, Window Unit(s)
CountyCooke
DirectionsFrom Gainesville, East on US 82 toward Oak Ridge. South on CR 123 (also Tabernacle Road). Property will be on the left. Sign on lot.
Elementary SchoolChalmers
Elementary School NameChalmers
Full Baths3
Gross Annual Expenses0.00
HOA TypeNone
HeatingCentral
High SchoolGainesvill
Insurance Expense
Junior High SchoolGainesvill
LevelsOne
Listing TermsCash, Conventional, Owner Will Carry
Number of Garage Spaces0
Occupant TypeTenant
Operating Expense IncludesMaintenance
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeMultiple Single Units
Property TypeResidential Income
RoofComposition
School DistrictGainesville ISD
Standard StatusActive
StatusActive
Subdivision NameFrench M
TenancyOver 9 Months
Unexempt Taxes3299
UtilitiesAerobic Septic, Co-op Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1998
Year Built DetailsPreowned

Exterior for 1546 County Road 123

Building Area Total2256.00
Covered Spaces
FencingBarbed Wire, Partial, Pipe
Foundation Pillar/Post/Pier, Slab
Garage Y/NNo
Lot FeaturesAcreage
Lot Size3 to < 5 Acres
Lot Size Acres3.2910
Lot Size Area3.2910
Lot Size SourceAssessor
Lot Size Square Feet143355.9600
Lot Size UnitsAcres
Number Of Parking Spaces0
Parking FeaturesAdditional Parking, Aggregate, Circular Driveway, Driveway, On Site, Open
WaterfrontNo

Additional Details

Price History

Schools

Elementary School Chalmers Elementary School
Middle School N/A

Suzanne Smith

Broker/Owner
Price $450,000
MLS#21059888
List Date 09/27/2025
Property Type Multi-Family
Phone 903.235.4216
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