About 516-518 Wood Drive
This 2021 one-story brick full duplex sits on a large lot and is conveniently located just a few blocks from Downtown Gunter. It's an excellent investment opportunity, ideal for a 1031 exchange or for a buyer who wants to live in one unit while renting out the other. Each unit features an identical three-bedroom, two-bathroom floor plan with high-end finishes throughout. Highlights include tall ceilings and a spacious primary suite in the rear, complete with dual sinks and two large walk-in closets. The kitchen boasts stylish cabinetry, granite countertops, and stainless steel appliances, including a built-in microwave. The spacious backyards are perfect for outdoor activities and both include a covered rear porch and wood fence. The carpet was replaced with nice laminate flooring in the bedrooms of 516 Wood in April 2026 & both units were refreshed before new 2026 tenants moved in. 516 Wood is leased for $1650 per month through 04-30-2027. 518 Wood is leased for $1700 through 12-31-2026 Gunter, Texas, is a rapidly growing small town with a family-friendly atmosphere, offering a tranquil rural feel with modern amenities, excellent schools, and proximity to Sherman, Frisco & US 75, the Dallas North Tollway, and Highway 289
Features of 516-518 Wood Drive
| MLS® # | 21349908 |
|---|---|
| Price | $465,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Acres | 0.28 |
| Year Built | 2021 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 516-518 Wood Drive |
|---|---|
| Subdivision | Gunter Town Center Add Ph I |
| City | Gunter |
| County | Grayson |
| State | TX |
| Zip Code | 75058 |
Amenities
| Utilities | City Sewer, City Water, Individual Water Meter |
|---|---|
| Parking Spaces | 4 |
| # of Garages | 1 |
| Garages | Driveway, Garage, Garage Door Opener, Garage Faces Front |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Cable TV Available, Granite Counters, Walk-In Closet(s) |
|---|---|
| Heating | Electric |
| Fireplace | No |
Exterior
| Lot Features | Interior Lot, Landscaped, Lrg. Backyard Grass |
|---|---|
| Roof | Composition |
| Construction | Brick, Siding |
| Foundation | Slab |
School Information
| District | Gunter ISD |
|---|---|
| Elementary | Gunter |
| Middle | Gunter |
| High | Gunter |
Additional Information
| Flooring | Carpet, Luxury Vinyl Plank, Tile |
|---|---|
| Net Income | $25,985 |
| Building Sqft | 2,554 |
| # Units | 2 |
Listing Details
| Agent | Charles Mauzy |
|---|---|
| Office | Mauzy Realty |
| Contact Info | 214-515-5555 |