$1,700,000
$800K PRICE DROP

841 County Road 502 Stephenville, TX 76401

Estimated payment $10,192/month

Total Views 6,110
-- Bed
8 Baths
9,600 Sq Ft
$177 Price per Sq Ft

Highlights

  • Covered patio or porch
  • 1-Story Property
  • Central Heating and Cooling System
  • Hook Elementary School Rated A
  • Luxury Vinyl Plank Tile Flooring
  • Garage

About This Home

Are you ready to create long term wealth in Real Estate!? Check these out! This unique property features four sets (8 total rentable units) of 2-bed, 1-bath units, each with a well-equipped kitchen (appliances included), a cozy breakfast area, and a spacious living room. Every unit comes with a carport that includes a utility room in the front, perfect for extra storage. Also includes a washer dryer hookup. Behind each unit, you'll find a horse trap and shed, adding to the property's versatility. All apartments are outfitted with their own connex boxes, offering additional secure storage. These units were completely redone on the inside 2 years ago to ensure they will last for years to come! Each duplex has its own electric meter, ensuring convenience, independence and transparency for each tenant. Recent roofing upgrade adds to the property's longevity. This property is an ideal investment opportunity, perfectly suited for TSU students. Current rent rolls are available upon request.

Listing Agent

Lane Cooper

Keller Williams Heritage West Brokerage Phone: 417-331-9125 License #0750847 Listed on: 09/05/2024

Keller Williams Heritage West

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,306

Year Built

  • Built in 1983

Lot Details

  • 3.9 Acre Lot
  • Cross Fenced
  • Barbed Wire
  • Aluminum or Metal Fence
  • Pipe Fencing
  • Back Yard

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Mixed Roof Materials

Interior Spaces

  • 8 Full Bathrooms
  • 9,600 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Luxury Vinyl Plank Tile Flooring
  • Electric Range

Parking

  • Garage
  • Side Facing Garage

Outdoor Features

  • Covered patio or porch

Schools

  • Central Elementary School
  • Stephenvil High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number R000019986

Community Details

Overview

  • 8 Units
  • 9,600 Sq Ft Building

Building Details

  • Gross Income $99,999
  • Net Operating Income $9,999,999

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,306

Year Built

Built in 1983

Lot Details

0

Listing Details

  • OWNERNAME: Stephenville Investments, LLC
  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 417-331-9125
  • CapRate: 588.24
  • Co List Office Mls Id: KWMS00FW
  • Special Features: VirtualTour
  • Year Built: 1983

Interior Features

  • Square Footage: 9600.0
  • Windows: Window Coverings
  • Interior Amenities: High Speed Internet
  • Flooring: Luxury Vinyl Plank
  • Appliances: Electric Range, Refrigerator, Vented Exhaust Fan

Beds/Baths

  • Full Bathrooms: 8

Exterior Features

  • Foundation: Slab
  • Fencing: Barbed Wire, Cross Fenced, Metal, Pipe
  • Roof: Mixed, Other
  • Construction Materials: Brick
  • Pool Features: None
  • Patio And Porch Features: Covered
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air, Electric
  • Parking Features: Covered, Garage Faces Side
  • GarageYN: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Central
  • Utilities: None, Septic Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Central
  • High School: Stephenvil
  • Junior High Dist: Stephenville ISD

Lot Info

  • Lot Features: Back Yard, Lawn
  • Lot Size Units: Acres
  • Lot Size Area: 3.9
  • Parcel Number: R000019986
  • Lot Size Acres: 3.9
  • Lot Size Sq Ft: 169884.0

Building Info

  • Year Built: 1983
  • Units Total: 8

Multi Family

  • Insurance Expense: 9999999.0
  • Annual Gross Income: 99999.0
  • Property Net Operating Income: 9999999.0

Tax Info

  • Tax Annual Amount: 9306.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Price Changed $1,700,000 -10.5% $177 / Sq Ft
05/14/2025 05/14/25 Price Changed $1,899,000 -5.0% $198 / Sq Ft
01/22/2025 01/22/25 Price Changed $1,999,000 -5.9% $208 / Sq Ft
12/17/2024 12/17/24 For Sale $2,125,000 0.0% $221 / Sq Ft
12/16/2024 12/16/24 Price Changed $2,125,000 -3.4% $221 / Sq Ft
11/27/2024 11/27/24 Price Changed $2,200,000 -10.2% $229 / Sq Ft
10/30/2024 10/30/24 Price Changed $2,450,000 -2.0% $255 / Sq Ft
09/05/2024 09/05/24 For Sale $2,500,000 +259.7% $260 / Sq Ft
08/20/2021 08/20/21 Sold -- -- --
06/16/2021 06/16/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $695,000 0.0% $116 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
01/26/2021 01/26/21 Price Changed $695,000 +8.6% $116 / Sq Ft
01/23/2021 01/23/21 For Sale $640,000 +14.5% $107 / Sq Ft
02/15/2019 02/15/19 Sold -- -- --
12/06/2018 12/06/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $559,000 -- $93 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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Source: North Texas Real Estate Information Systems (NTREIS)

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North Texas Real Estate Information Systems (NTREIS)