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$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

  • 42 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

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: 12/25/2024 at 11:05 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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