CASH FLOW TODAY, EXPANSION TOMORROW!!! Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space.
Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.
Property Details
- Interior
- Decorative Designer Lighting Fixtures, Eat In Kitchen
- Fireplaces
- 1
- Cooling
- 1
- Heating
- Central, Electric
- Cooling Features
- Central Air, Ceiling Fans
- Bedrooms
- 11
- Bathrooms
- 6.0
- Full Baths
- 6
- Lot Features
- Acreage, Cleared, Few Trees
- Lot Description
- Acreage, Cleared, Few Trees
- Exterior Features
- Deck, Other
- Exterior Materials
- Deck, Other
- Acres
- 0.0
- Lot Size (sqft)
- 5.0
- Parking Features
- Common, Carport, On Site
- Parking Spaces
- 6.0
- Parking Type
- Carport
- Parking Carport Spaces
- 2.0
- Property Type
- Multi-Family
- Year Built
- 1987
- Foundation
- Pillar Post Pier, Slab
- Roof
- Metal, Shingle
- Sewer Information
- Septic Tank
- Utility Source
- Private, Well
- Utility Features
- Septic Available, Water Available
- Appliances
- Dryer, Electric Oven, Electric Range, Gas Cooktop, Refrigerator, Washer
- Subdivision
- Springfield Park #11
- School District
- Stephenville ISD
- Elementary School
- Central
- Middle School
- Gilbert,Stephenvil
- High School
- Stephenvil
- County
- Erath
- Region
- Stephenville
- Days on Market (Cumulative)
- 504
- Taxes Annual
- $9,737
Location
Legal
© 2023 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Housed Real Estate + Relocation shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright
Provided By
Listed by Brittany Elkins (#0737670)
Listing Office: Ebby Halliday Realtors (#EBBY00SV)
