Listing Courtesy of: Eric Hayden - Ebby Halliday Realtors-Stephenville
$1,980,000
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385 E Elm Street Stephenville, TX 76401
Apartment
Residence
18
Beds
18
Baths
8,922
Sq. Ft.
0.48
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 feature...s 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. Donât miss this exceptional opportunity to invest in Stephenvilleâs thriving rental market.
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MLS#
20773140
Property Type
Apartment
Bedrooms
18
Bathrooms
11 Full/7 Half
Year Built
2015
Square Feet
8,922
sq. ft
Lot Size
0.48
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