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385 E Elm Street, Stephenville, TX 76401

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For Sale

$1,980,000

18 beds11 baths7 half baths

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 6-10 Years Old
    Age

Explore this Property

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.
MLS# 20773140

Courtesy Of Ebby Halliday, REALTORS, Listed By Eric Hayden

(254) 965-7653

Property Features

  • Age
    6-10 Years Old
  • Amenities
    Dock
  • Appliances
    Range
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Laminate, Tile
  • Heating System
    Central Furnace
  • Lot Size
    0.48 Acres
  • Roof Type
    Asphalt

Home seller CENTURY 21 Mike Bowman, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Mike Bowman, Inc.

(817) 354-7653
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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