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$1,980,000
39 Days On Site

385 E Elm Street
Stephenville, TX76401

For Sale|Apartment|Active
18
Beds
11
Full Baths
7
Partial Baths
8,922
SqFt
$222
/SqFt
2015
Built
Subdivision:
Cage Add
County:
Erath
Call Now: 512.699.4684
Is this the home for you? We can help make it yours.
512.699.4684
385 E Elm Street385 E Elm Street385 E Elm Street385 E Elm Street
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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 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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Listing Snapshot
Price 
$1,980,000
Days On Site 
39 Days
Bedrooms 
18
Inside Area (SqFt) 
8,922 sqft
Total Baths 
18
Full Baths 
11
Partial Baths 
7
Lot Size 
0.482 Acres
Year Built 
2015
MLS® Number 
20773140
Status 
Active
Property Tax 
$15,511
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.482
Foundation 
Slab
Parking 
ConcreteOn SiteOpenParking Lot
Parking Spaces 
23
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
8922
Stories 
Two
Utilities 
Cable AvailableElectricity Connected
Water Source 
Public
Interior Features
Appliances 
Electric Range
Cooling 
Central AirElectric
Flooring 
LaminateTile
Heating 
CentralElectric
Interior 
Built-in FeaturesEat-in KitchenGranite CountersOpen FloorplanPantryWalk-In Closet(s)
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Exterior Features
Construction Details 
Brick
Exterior 
Private Yard
Fencing 
Back YardFencedFront YardWood
Lot Features 
ClearedCorner LotLandscaped
Patio And Porch 
Rear Porch
Roof 
Asphalt
Community Features
Financing Terms Available 
1031 ExchangeCashConventional
School District 
Stephenville ISD
Schools
School District
Stephenville ISD
Elementary School
Central
Middle School
Unknown
High School
Stephenvil
Listing courtesy of Eric Hayden of Ebby Halliday Realtors 2544852615



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Last Updated: 2024-10-15 02:30 PM CDT

Neighborhood & Commute
Source: Walkscore
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