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Property profile & analytics
OFF-MARKET
Apartment buildings

841 Co Rd Stephenville, TX 76401

9,600 SF
Property ID
Property summary
AI-generated overview

This exceptional 8-unit apartment complex in Stephenville, Texas, presents a compelling investment opportunity. Located at 841 County Road 502, this property boasts 9,600 square feet of net rentable space, spread across four one-story buildings. Each building houses two 2-bedroom, 1-bathroom units, totaling eight units in all. The apartments feature well-equipped kitchens with included appliances, cozy breakfast areas, and spacious living rooms. Each unit includes a carport with a front utility room offering extra storage and washer/dryer hookups. Adding to the property's versatility, each unit also has a private horse trap and shed. For added security, every apartment is equipped with its own connex box. Interior renovations were completed two years ago, ensuring long-term value. Individual water meters for each duplex provide convenience and transparency. A recent roof upgrade further enhances the property's longevity. This property is ideally situated for Tarleton State University students, and current rent rolls are available upon request. The asking price for this turnkey investment is $2,500,000.

Property profile
Verified
Property type Apartment buildings
Total area 9,600 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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