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$4,450,000

Beds
Unknown
Baths
21.0
sq ft
16,110

120 Bunkhouse Rd, Stephenville, TX 76401

120 Bunkhouse Rd

Stephenville, TX 76401

  • 202 days on market
Located in the thriving heart of the rodeo scene of Stephenville,and convenient to TSU,120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena—perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped office spaces. All rental spaces are currently fully occupied, ensuring a steady and robust revenue stream. These amenities not only enhance the property’s appeal but also ensure it is a turnkey solution with immediate revenue generation. This property has a strong existing tenant base and potential for further expansion due to wait list. This property promises substantial cash flow and represents a compelling investment for those seeking a stable, high-yield asset in a lively market.

Details

Property type

Apartment

Est. home value

$2,710,824

Lot size

6.261 acres

Price per sq ft

$277

Year built

2015

Annual property taxes

$27,491

Price History

05/04/2024
NTREIS

NTREIS #20601224

Listed
$4,450,000

Schools & Community

Elementary school: 

Central

Middle school: 

Unknown

High school: 

Stephenvil

School district: 

Stephenville ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Not Available

Loan start date

January 2023

Original loan amount

$1,250,000

Est. remaining balance

Not provided

Interest rate

6.61%

Loan type

Seller take-back

Seller

Will Hanson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/23/2024 at 7:55 AM

Listing updated: 11/07/2024 at 2:17 PM

Listed by: Jennifer Birkle, Texas Legacy Realty Phone #: (817) 312-9545

MLS: NTREIS #20601224

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