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841 County Road 502 Stephenville, TX 76401
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $115
Subdivision None
MLS Listing ID 14495328
Sold Date 08/20/21
Bedrooms 16
Full Baths 8
HOA Y/N None
Total Fin. Sqft 6000
Year Built 1983
Annual Tax Amount $8,454
Lot Size 3.900 Acres
Acres 3.9
Property Description
Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area, living room & 11x20 carport with utility rm washer & dryer connections. Horse run & shed behind each unit. Rents ave $800 per unit. Units updated (paint & new floors). Metal roof was installed over existing composition roof. This may affect ins cost or can be omitted from coverage. Units are easy to lease & highly desired. Current owner pays, taxes, ins, lawn maint of $140 when done (depends on rain & time of yr), dumpster approx $200 per mo & elect for the well pump ave $50 per mo. See uploads for P&L and notes. $49k annual net income potential with a cap rate of 7%.
Location
State TX
County Erath
Direction Use GPS to address.
Interior
Interior Features High Speed Internet Available
Heating Central, Electric
Cooling Central Air, Electric
Flooring Luxury Vinyl Plank
Appliance Electric Range, Refrigerator, Vented Exhaust Fan
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch
Fence Barbed Wire, Cross Fenced, Metal, Net, Pipe
Utilities Available Asphalt, No City Services, Outside City Limits, Septic, Well
Roof Type Metal,Other
Parking Type Covered, Garage Faces Side
Total Parking Spaces 8
Garage Yes
Building
Lot Description Acreage, Lrg. Backyard Grass
Story One
Foundation Slab
Structure Type Brick
Schools
Elementary Schools Central
Middle Schools Stephenvil
High Schools Stephenvil
School District Stephenville Isd
Others
Ownership Palm Tree Ventures
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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