385 E Elm Street

Stephenville, TX 76401
$1,980,000
18 beds | 14.5 baths | 0.48 acres | #20773140
For Sale

Description

Fully occupied 11-unit complex located in the vibrant city of Stephenville, home to Tarleton State University, a thriving Division 1 college. Built in 2015, this modern residential income property offers an exceptional investment opportunity with a strong and stable tenant base. The property features a mix of spacious 1-bedroom and 2-bedroom units, all designed with open floor plans, built-in storage, walk-in closets, and high-speed internet access. Property features 23 dedicated parking spaces, central HVAC systems, and electric appliances, the property provides both comfort and convenience for tenants while keeping operational costs low. Situated on a 0.482-acre corner lot, the complex enjoys a prime location within minutes of campus, downtown Stephenville, and local amenities, ensuring high demand and low vacancy rates. The well maintained grounds and modern construction make this a turn-key investment, perfect for real estate investors, property management companies, or institutional buyers seeking a high-performing asset. With a strong track record of occupancy, minimal maintenance needs, and a desirable location in a growing college town,this property offers a rare chance to secure a reliable and profitable addition to your portfolio. Don’t miss this exceptional opportunity to invest in Stephenville’s thriving rental market.
read more

  • Property Details
      • Interior:Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Pantry, Walk-In Closet(s)
      • Bedrooms:18
      • Bathrooms:14.5
      • Full Baths:11
      • Half Baths:7
      • Lot description:Cleared, Corner Lot, Landscaped
      • Exterior materials:Private Yard
      • Acres:0.4820
      • Property type:Multi-Family
      • Year built:2015
      • Foundation:Slab
      • Utility features:Cable Available, City Sewer, City Water, Concrete, Electricity Connected, Individual Water Meter
      • Subdivision:Cage Add
      • School district:Stephenville ISD
      • Elementary School:Central
      • County:Erath
      • MLS #:20773140
      • Cost:1980000
      • Property subtype:Apartment
      • MLS #:20773140

Location

Legal

© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anchor Home Team shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright

Last Updated: . Source: NTREIS

Listing Courtesy
Listing Agent: Eric Hayden
Listing Office: Ebby Halliday Realtors

Anchor Home TeamReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

About

Search

Account

© 2024 JP and Associates Southlake. All rights reserved.
Website built by CloseHack.

© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anchor Home Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright