385 E Elm Street new Save Request In-Person Tour Request Virtual Tour
Stephenville,TX 76401
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
Year Built 2015
Annual Tax Amount $15,511
Lot Size 0.482 Acres
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
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Laminate,Tile
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
Building
Lot Description Cleared,Corner Lot,Landscaped
Story Two
Foundation Slab
Structure Type Brick,Siding
Schools
Elementary Schools Central
High Schools Stephenvil
School District Stephenville Isd
Others
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Aerial Photo