Homes for sale - 385 E Elm Street, Stephenville, TX 76401

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$1,980,000

Est. payment - /mo

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18 BD

18 BA

0.48 Acres Lot

Active

385 E Elm Street Stephenville, TX 76401

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Daniel Burke

homes@burkedfw.com +1(469) 305-0167

UPDATED:

11/13/2024 08:10 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Cage Add

MLS Listing ID 20773140

Bedrooms 18

Full Baths 11

Half Baths 7

HOA Y/N None

Total Fin. Sqft 8922

Year Built 2015

Annual Tax Amount $15,511

Lot Size 0.482 Acres

Acres 0.482

Property 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.

Location

State TX

County Erath

Direction GPS

Interior

Interior Features Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Pantry, Walk-In Closet(s)

Heating Central, Electric

Cooling Central Air, Electric

Flooring Laminate, Tile

Appliance Electric Range

Heat Source Central, Electric

Exterior

Exterior Feature Private Yard

Fence Back Yard, Fenced, Front Yard, Wood

Utilities Available Cable Available, City Sewer, City Water, Concrete, Electricity Connected, Individual Water Meter

Roof Type Asphalt

Garage No

Building

Lot Description Cleared, Corner Lot, Landscaped

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Siding

Schools

Elementary Schools Central

High Schools Stephenvil

School District Stephenville Isd

Others

Ownership See Tax

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Aerial Photo

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Eric Hayden • Ebby Halliday Realtors

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Daniel Burke

Team Leader | License ID: 0671405

+1(469) 305-0167