860 W Long St Stephenville, TX 76401
- Residential income homes
- 1.68 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 860 W Long St
- Lot size
- 1.68 lot acres
- Property type
- Residential income homes
- APN
- R000029717
Description
This exceptional investment opportunity presents a 1.68-acre multifamily lot (R3 zoning) in Stephenville, Texas, at 860 W Long, zip code 76401. The property boasts a prime central location, close to Tarleton State University (TSU), the city park, downtown, and shopping areas. The land offers significant development potential, with a large existing home that can be rented to offset costs, or removed to maximize development opportunities. The property's location is further enhanced by its proximity to a new apartment complex under construction. Recent street improvements include new sidewalks. The land value is $8.19 per square foot. The asking price for this 1.68-acre parcel is $599,000. The existing home has undergone updates. Potential exists for additional acreage providing access to a second street, expanding development possibilities. This property presents a unique chance to enter the multifamily housing market with an existing income stream. The APN is R000029717. This is an owner/user investment opportunity.
Value Estimation
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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
- -98.2069661
- Latitude
- 32.215564
