841 County Road 502

Stephenville, TX 76401

$2,450,000
Price
Beds
8
Baths
9,600 Sq. Ft.
$255 / Sq. Ft.
9,600
Sq. Ft.
$255
per Sq. Ft.

Description

Are you ready to create long term wealth in Real Estate!? Check these out! This unique property features four sets (8 total rentable units) of 2-bed, 1-bath units, each with a well-equipped kitchen (appliances included), a cozy breakfast area, and a spacious living room. Every unit comes with a carport that includes a utility room in the front, perfect for extra storage. Also includes a washer dryer hookup. Behind each unit, you'll find a horse trap and shed, adding to the property's versatility....Are you ready to create long term wealth in Real Estate!? Check these out! This unique property features four sets (8 total rentable units) of 2-bed, 1-bath units, each with a well-equipped kitchen (appliances included), a cozy breakfast area, and a spacious living room. Every unit comes with a carport that includes a utility room in the front, perfect for extra storage. Also includes a washer dryer hookup. Behind each unit, you'll find a horse trap and shed, adding to the property's versatility. All apartments are outfitted with their own connex boxes, offering additional secure storage. These units were completely redone on the inside 2 years ago to ensure they will last for years to come! Each duplex has its own water meter, ensuring convenience, independence and transparency for each tenant. Recent roofing upgrade adds to the property's longevity. This property is an ideal investment opportunity, perfectly suited for TSU students. Current rent rolls are available upon request.
  1. Listed by Lane Cooper • TREC #0750847 • Keller Williams Heritage West • 417-331-9125

Property Details for 841 County Road 502

Subdivision Name
None
Pool
No
Number Of Parking Spaces
16
LISTING UPDATED: 11/10/2024 07:35 PM

Property Details for 841 County Road 502

StatusActive
MLS #20716905
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1983
Lot Size3.90 AC / 169,884 SF
CountyErath County

Building Information for 841 County Road 502

Stories1Residences8Year Built1983Building Size-Lot Size3.90 AC / 169,884 SF

Property Information for 841 County Road 502

Summary
Location and General Information
  • Complex Name: None
  • Directions: On US 377 take exit for FM 914S Alexander. Turn left onto Alexander Rd. Make a sharp left onto CR 502 and property will be on your right.
  • Elementary School: Central
  • Elementary School Name: Central
  • High School: Stephenvil
  • High School Name: Stephenvil
  • Intermediate School: Gilbert
  • Year Built Details: Preowned
  • School District: Stephenville ISD
  • Geocode Confidence: High
  • Latitude: 32.12
  • Longitude: -98.19
  • State: Texas
Parking
  • Parking Features: Covered, Garage Faces Side
Taxes and HOA Information
  • Tax Legal Description: ACRES: 3.900 A0348 HERNANDEZ MARIA F DUPLEXES
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Luxury Vinyl Plank
  • Heating: Central
  • Interior Features: High Speed Internet Available
  • Appliances: Electric Range, Refrigerator, Vented Exhaust Fan
  • Cooling: Central Air, Electric
  • Living Area: 9600.0
  • Smart Home Features Appor Pass Y: Yes
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch
  • Fencing: Barbed Wire, Cross Fenced, Metal, Net, Pipe
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Mixed, Other
  • Number Of Units Total: 8
  • Levels: One
Property
Utilities
  • Utilities: Asphalt, Outside City Limits, Septic, Well, No City Services
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Lrg. Backyard Grass
  • Lot Size Acres: 3.9
  • Lot Size Area: 3.9
  • Lot Size Units: Acres
  • Lot Size Square Feet: 169884.0
  • Multi Parcel ID: No
  • Parcel Number: R000019986
Multi Family
Multi-Family Information
  • Number Of Buildings: 4
  • Capitalization Rate: 408.16%
  • Gross Annual Expenses: $999,999
  • Gross Annual Income: $99,999
  • Insurance Expense: $9,999,999
  • Net Operation Income: $9,999,999.00
Unit 1
  • Approximate SQFT: 1200.0
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 8

Property History for 841 County Road 502

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 841 County Road 502

Taxable ValueLand$103,350Additions$568,610Total$671,960
Tax Record2023$8,955 ($746 / month)
Home Facts
Total Finished SqFt6,000 SqFtAbove Grade Finished SqFt6,000 SqFtStories1Lot Size169,884 SqFtStyleMulti-Family Dwelling (2-4)Year Built1983CountyERATHAPNR000019986

Schools near 841 County Road 502

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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841 County Road 502 is a multi-family home for sale in Stephenville, TX 76401. This property was listed for sale on September 5, 2024 by Keller Williams Heritage West, it's currently listed at $2,450,000. It has been on the market for a total of 78 days and was last sold on August 20, 2021. This listing's school district is Stephenville Independent School District. Nearby schools include Chamberlin Elementary School, Hook Elementary School and Gilbert Intermediate School. 841 County Road 502 is a 0-bed, 8-bath, 9,600 sqft multi-family home built in 1983.

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 Keller Williams Heritage West, Lane Cooper

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