$525,000
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16 Beds
8.27 Acres Lot
SOLD DATE : 05/02/2022
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 20017475
Sold Date 05/02/22
Bedrooms 16
HOA Y/N None
Total Fin. Sqft 6336
Year Built 2011
Annual Tax Amount $2,395
Lot Size 8.270 Acres
Acres 8.27
Property Description
This is a great multi family income producing property! Located just a few miles from Stephenville and Tarleton State University! This 7 unit multi family property, has plenty of room to expand. There are 4 older single wide mobile homes, which are all currently rented. 4 efficiency cabins, which are also rented. There is one new cabin on the property that has never been hooked up and put into service, it could provide two additional efficiency units. The tenant pay all their own bills to include electric, internet, cable tv and trash. The property is on a water well and septic, so those are provided. There are some nice horse facilities which are not fully occupied which could also bring in additional income. The back part of the property is a blank canvas, and provides tremendous opportunity to expand the operation! Buyer must honor all current leases, I have copies of each one. I also have an operating expense report for one year and repairs were very minor! Come take a look!
Location
State TX
County Erath
Direction From Stephenville, Head west on US Hwy 377 for about 2 miles, turn left onto CR258 and property will be on the left about two miles down CR258. SOP
Interior
Interior Features High Speed Internet Available
Heating Electric
Cooling Electric
Appliance Other
Heat Source Electric
Exterior
Utilities Available Co-op Electric, Septic, Well
Roof Type Metal
Parking Type Circular Driveway, Common
Total Parking Spaces 25
Garage No
Building
Story One
Foundation Other
Structure Type Other
Schools
School District Stephenville Isd
Others
Ownership Renfro Ranches
Financing Cash
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Bought with Darlene Crumley • Keller Williams Heritage West
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