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$450,000
1546 County Road 123 Gainesville, TX 76240
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TX > Gainesville > French M
Gainesville, TX 76240,1546 County Road 123
Gainesville, TX 76240,1546 County Road 123
Gainesville, TX 76240,1546 County Road 123
5
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$450,000
Est. payment /mo
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5 Beds
3 Baths
3.29 Acres Lot
Active

1546 County Road 123 Gainesville, TX 76240

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Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Subdivision French M

MLS Listing ID 21059888

Bedrooms 5

Full Baths 3

HOA Y/N None

Total Fin. Sqft 2256

Year Built 1998

Annual Tax Amount $3,299

Lot Size 3.291 Acres

Acres 3.291

Property Sub-Type Multiple Single Units

Property Description

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.

Location

State TX

County Cooke

Direction From Gainesville, East on US 82 toward Oak Ridge. South on CR 123 (also Tabernacle Road). Property will be on the left. Sign on lot.

Interior

Interior Features High Speed Internet Available

Heating Central

Cooling Ceiling Fan(s), Central Air, Electric, Window Unit(s)

Flooring Linoleum

Fireplaces Number 1

Fireplaces Type Other

Appliance Electric Range

Heat Source Central

Exterior

Fence Barbed Wire, Partial, Pipe

Utilities Available Aerobic Septic, Co-op Water

Roof Type Composition

Garage No

Building

Lot Description Acreage

Story One

Foundation Pillar/Post/Pier, Slab

Level or Stories One

Structure Type Aluminum Siding,Siding

Schools

Elementary Schools Chalmers

High Schools Gainesvill

School District Gainesville Isd

Others

Ownership MONTE WIMMER

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21059888


North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2025 North Texas Real Estate Information Systems.
Listed by Terri Mccutcheon • Talley and Company, LTD

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1546 County Road 123

IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

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      1. Stone Oak Heights
      2. Stone Oak Parke
      3. Stone Oak
      4. The Gardens at Stone Oak
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      6. The Heights at Stone Oak
      7. The Summit at Alamo Ranch
      8. The Summit at Canyon Springs
      9. The Terraces at Alamo Ranch
      10. The Trails at Alamo Ranch
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