Current Use by Public Records
- Apartment buildings
Property Details for 841 Co Rd
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stephenville
- County
- Erath
- State
- Texas
- Longitude
- -98.1941
- Latitude
- 32.1238
