$1,980,000
- Beds
- 18
- Baths
- 18.0
- sq ft
- 8,922
385 E Elm St, Stephenville, TX 76401
385 E Elm St
Stephenville, TX 76401
- 9 days on market
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.
Details
Property type
Apartment
Lot size
0.482 acres
Price per sq ft
$222
Year built
2015
Annual property taxes
$15,511
Price History
11/13/2024
NTREIS #20773140
Listed
$1,980,000
Schools & Community
Elementary school:
Central
Middle school:
Unknown
High school:
Stephenvil
School district:
Stephenville ISD
Status: Active
Tomo last checked: 11/23/2024 at 2:30 AM
Listing updated: 11/13/2024 at 2:18 PM
Listed by: Eric Hayden, Ebby Halliday Realtors Phone #: (254) 965-7653
MLS: NTREIS #20773140
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