Address
841 County Road 502 Stephenville, TX
Price
$ 695,000
Property Attributes
  • MLS#14495328
  • TypeContingent
  • CountyERATH
  • CityStephenville
  • AreaERATH COUNTY-SOUTH
  • Zip76401
  • StyleMUL-Apartment/5Plex+
  • Year Built1983
  • Taxes$ 8454
  • Price$ 695,000
  • Bedrooms16
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage6000
  • Lot Size3.9 Acres
Listing Provided Courtesy Of:
Rebekah Tackett with INFINITY REALTY
Data Source:
NTREIS
Property Description

Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area, living room & 11x20 carport with utility rm washer & dryer connections. Horse run & shed behind each unit. Rents ave $800 per unit. Units updated (paint & new floors). Metal roof was installed over existing composition roof. This may affect ins cost or can be omitted from coverage. Units are easy to lease & highly desired. Current owner pays, taxes, ins, lawn maint of $140 when done (depends on rain & time of yr), dumpster approx $200 per mo & elect for the well pump ave $50 per mo. See uploads for P&L and notes. $49k annual net income potential with a cap rate of 7%.

Elementary School Middle School High School
Central Elementary School Stephenvil Middle School Stephenvil High School
Price History
1/26/2021 Listed $695,000

General Features

# of Buildings 4
Complex Name None
Construction Materials Brick
Flooring Luxury Vinyl Plank
HOA Type None
Heating Central Air-Elec, Central Heat-Elec
Interior Features High Speed Internet Available, Window Coverings
Listing Area ERATH COUNTY (78)
Other Equipment Range/Oven-Electric, Refrigerator, Vent Mechanism
Property Type Multi-Family
Proposed Financing Cash, Conventional
School District Stephenville ISD
School Name Central
School Name Stephenvil
Stories 1
Sub Area ERATH COUNTY-SOUTH (5)
Subdivision None
Tenancy Month to Month, Over 9 Months, Pet Restrictions, Pets Allowed
Type MUL-Apartment/5Plex+
Utilities Asphalt, No City Services, Outside City Limits, Septic, Well
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14495328
Year Built 1983
Year Built Details Preowned

Interior Features

# of Units 8
Sqft Building 6000
Total Bedrooms 16
Unit Count 1

Exterior Features

Remarks Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area
Exterior Covered Porch(es), Holding Pens
Fencing Barbed Wire, Cross Fenced, Metal, Net, Pipe
Foundation Slab
Lot Description Acreage, Horses Permitted, Lrg. Backyard Grass
Lot Size Area 3.900
Lot Size Area 3.900
Lot Size Area (acres) 3.900
Lot Size Area (sq Ft) 169884
Lot Size Units Acres
Number Of Parking Spaces 8
Parking Features Covered, Garage-Attached, Side

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 76401

Price
AVG $430K
$700K
Taxes
AVG $4,047
$8,454
Visits
AVG 102
47
Year Built
AVG 1985
1983

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