385 E Elm Street
Stephenville, TX 76401
- 18 beds
- 18 baths
- – sqft
- ~1/2 acre lot
- 2015 build
- – on site
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.
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Last updated Nov 14, 2024
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MLS# 20773140 —
The Building
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Year Built:2015
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Year Built Details:Preowned
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Patio And Porch Features:Rear Porch
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Accessibility Features:No
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Roof:Asphalt
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Basement:No
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Foundation Details:Slab
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Levels:Two
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Construction Materials:Brick, Siding
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Building Area Total:8922.00
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Building Area Source:Assessor
Interior
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Interior Features:Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Pantry, Walk-In Closet(s)
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Flooring:Laminate, Tile
Location
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Directions:GPS
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Latitude:32.23124700
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Longitude:-98.20579500
The Property
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Property Type:Residential Income
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Property Subtype:Apartment
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Parcel Number:R000028911
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Lot Features:Cleared, Corner Lot, Landscaped
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Lot Size:Less Than .5 Acre (not Zero)
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Lot Size SqFt:20995.9200
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Lot Size Acres:0.4820
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Lot Size Area:0.4820
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Lot Size Units:Acres
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Lot Size Source:Assessor
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Fencing:Back Yard, Fenced, Front Yard, Wood
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Exterior Features:Private Yard
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# of Buildings:1
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Waterfront:No
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Lake Pump:No
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Will Subdivide:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Lot:11R
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Tax Block:7
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Tax Legal Description:ACRES: 0.482 S2400 CAGE ADDITION; BLOCK 7; LO
Beds
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Bedrooms Total:18
Baths
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Total Baths:11.70
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Total Baths:18
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Full Baths:11
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Half Baths:7
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/ntreis/20773140
Heating & Cooling
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Heating:Central, Electric
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Cooling:Central Air, Electric
Utilities
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Utilities:Cable Available, City Sewer, City Water, Concrete, Electricity Connected, Individual Water Meter
Appliances
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Appliances:Electric Range
Schools
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School District:Stephenville ISD
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Elementary School:Central
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Elementary School Name:Central
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Jr High School Name:Stephenvil
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Intermediate School Name:Gilbert
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High School Name:Stephenvil
The Community
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Subdivision Name:Cage Add
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Pool:No
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Association Type:None
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Complex Name:Elm Street Townhomes
Parking
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Garage:No
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Attached Garage:No
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# of Parking Spaces:23
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Parking Features:Concrete, On Site, Open, Parking Lot
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/13/24
Nov 13, 2024
|
Listed / Active | NTREIS | $1,980,000 |
