385 E Elm ST Active Save Request In-Person Tour Request Virtual Tour
Stephenville,TX 76401
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,922 sqft
Price per Sqft $221
Subdivision Cage Add
MLS Listing ID 20773140
Bedrooms 18
Full Baths 11
Half Baths 7
HOA Y/N No
Year Built 2015
Annual Tax Amount $15,511
Lot Size 0.482 Acres
Acres 0.482
Property Sub-Type Apartment
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
Direction GPS
Interior
Interior Features Built-in Features,Eat-in Kitchen,Granite Counters,High Speed Internet,Open Floorplan,Pantry,Walk-In Closet(s)
Heating Central,Electric
Cooling Central Air,Electric
Flooring Laminate,Tile
Fireplace No
Appliance Electric Range
Exterior
Exterior Feature Private Yard
Parking Features Concrete,On Site,Open,Parking Lot
Fence Back Yard,Fenced,Front Yard,Wood
Pool None
Utilities Available Cable Available,Electricity Connected,Sewer Available,Separate Meters,Water Available
Water Access Desc Public
Roof Type Asphalt
Porch Rear Porch
Total Parking Spaces 23
Garage No
Building
Lot Description Cleared,Corner Lot,Landscaped
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Central
High Schools Stephenvil
School District Stephenville Isd
Others
Tax ID R000028911
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20773140