101 Riverside Drive

Stephenville, TX 76401

$1,980,000
Price
18
Beds
11
Baths
7
1/2 Baths
8,750 Sq. Ft.
$226 / Sq. Ft.
8,750
Sq. Ft.
$226
per Sq. Ft.

Description

Great investment property! Here is a fully occupied 11-unit apartment complex with 7 units that are 2 bedrooms, 1.5 baths and 4 units that are 1 bedrooms, 1 bath giving you a total of 11 units. With Tarleton State University growing and now a D1 school this would be a great rental property for an investor, a property management company, or buyers looking for a high-performance investment. This complex was built in 2015, and it has central heat and air, electric appliances, and is well maintained...Great investment property! Here is a fully occupied 11-unit apartment complex with 7 units that are 2 bedrooms, 1.5 baths and 4 units that are 1 bedrooms, 1 bath giving you a total of 11 units. With Tarleton State University growing and now a D1 school this would be a great rental property for an investor, a property management company, or buyers looking for a high-performance investment. This complex was built in 2015, and it has central heat and air, electric appliances, and is well maintained ensuring high demand and low vacancy rates. There are 18 parking spaces however some of the spaces are extremely long for even more parking space. This upscale townhome complex is within walking distance to the Stephenville city park and downtown Stephenville making the location even more desirable. Call for your appointment today! Need a 24 hour notice to show.
  1. Listed by LARINDA RAY • TREC #0275901 • LARINDA RAY REALTY TEAM • 254-968-5750

Property Details for 101 Riverside Drive

Subdivision Name
City Add
Pool
No
Garage Spaces
0
Number Of Parking Spaces
18
Lot Size Dimensions
1.041 acres
LISTING UPDATED: 11/20/2024 01:08 PM

Property Details for 101 Riverside Drive

StatusActive
MLS #20777071
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built2015
Lot Size1.04 AC / 45,345 SF
CountyErath County

Building Information for 101 Riverside Drive

Stories2Residences11Year Built2015Building Size-Lot Size1.04 AC / 45,345 SF

Property Information for 101 Riverside Drive

Summary
Location and General Information
  • Block: 70
  • Complex Name: Riverside Townhomes
  • Directions: 101 Riverside Stephenville, TX 76401
  • Elementary School: Central
  • Elementary School Name: Central
  • High School: Stephenvil
  • High School Name: Stephenvil
  • Intermediate School: Gilbert
  • Junior High School: Stephenvil
  • Year Built Details: Preowned
  • School District: Stephenville ISD
  • Geocode Confidence: High
  • Latitude: 32.22
  • Longitude: -98.20
  • State: Texas
Parking
  • Garage Length: 0
  • Garage Width: 0
  • Parking Features: Concrete, On Site, Open, Parking Lot
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage Height: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: ACRES: 1.041 S2600 CITY ADDITION; BLOCK 70; L
  • Association Type: None
  • Tax Lot: 3
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate, Tile
  • Heating: Central, Electric
  • Interior Features: Built-in Features, Cable TV Available, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Pantry
  • Appliances: Electric Range, Microwave
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick, Siding
  • Exterior Features: Private Yard
  • Fencing: Back Yard, Chain Link, Wood
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 11
  • Patio And Porch Features: Rear Porch
  • Levels: Two
Property
Utilities
  • Utilities: Cable Available, City Sewer, City Water, Electricity Connected, Individual Water Meter
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Cleared
  • Lot Size: 1 to < 3 Acres
  • Lot Size Acres: 1.041
  • Lot Size Area: 1.041
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 45345.96
  • Multi Parcel ID: No
  • Parcel Number: R000029697
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 7.12%
  • Gross Annual Expenses: $19,309
  • Gross Annual Income: $160,260
  • Insurance Expense: $3,516
  • Total Annual Expenses Include: Insurance, Maintenance Grounds
  • Net Operation Income: $140,951.00
Unit 1
  • Approximate SQFT: 613.0
  • Average Lease Amount: $1,050.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 613.0
  • Average Lease Amount: $1,050.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1
Unit 3
  • Approximate SQFT: 613.0
  • Average Lease Amount: $1,100.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1
Unit 4
  • Approximate SQFT: 613.0
  • Average Lease Amount: $1,100.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1
Unit 5
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 6
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 7
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 8
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 9
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 10
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1
Unit 11
  • Approximate SQFT: 934.0
  • Average Lease Amount: $1,300.00
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 1

Property History for 101 Riverside Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 101 Riverside Drive

Taxable ValueLand$81,620Additions$821,970Total$903,590
Tax Record2023$15,398 ($1,283 / month)
Home Facts
Total Finished SqFt8,750 SqFtAbove Grade Finished SqFt8,750 SqFtLot Size45,346 SqFtStyleMulti-Family Dwelling (2-4)Year Built2015CountyERATHAPNR000029697

Schools near 101 Riverside Drive

This home is within Stephenville Independent School District.
Rating
School
Type
Grades
Distance
Public - 1 to 2
Public - 3 to 4
Public - 5 to 6
Public - 7 to 8
Rating
School
Distance
Chamberlin Elementary School
Public1 to 2

Hook Elementary School
Public3 to 4

Gilbert Intermediate School
Public5 to 6

Henderson Junior High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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101 Riverside Drive is a multi-family home for sale in Stephenville, TX 76401. This property was listed for sale on November 13, 2024 by LARINDA RAY REALTY TEAM, it's currently listed at $1,980,000. This listing's school district is Stephenville Independent School District. Nearby schools include Chamberlin Elementary School, Hook Elementary School and Gilbert Intermediate School. 101 Riverside Drive is a 18-bed, 14.5-bath, 8,750 sqft multi-family home built in 2015.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LARINDA RAY REALTY TEAM, LARINDA RAY

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