TX > Stephenville > Cage Add
Stephenville, TX 76401,385 E Elm ST
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Stephenville, TX 76401,385 E Elm ST
Stephenville, TX 76401,385 E Elm ST
Stephenville, TX 76401,385 E Elm ST
Stephenville, TX 76401,385 E Elm ST
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Kevin Vander Woude

Kevin Vander Woude

+1(254) 723-6578
$ 1,980,000
Est. payment /mo
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Active

385 E Elm ST Stephenville, TX 76401

18 Beds

18 Baths

8,922 SqFt

UPDATED:

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

agent

Kevin Vander Woude

Broker | License ID: 602214

+1(254) 723-6578

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385 E Elm ST