8441 County Road 176

Stephenville, TX 76401

$2,500,000
Price
Beds
10
Baths
6,098 Sq. Ft.
$410 / Sq. Ft.
6,098
Sq. Ft.
$410
per Sq. Ft.

Description

Prime investment opportunity in Stephenville, the Cowboy Capital of the World! This fully occupied property features 10 apartments, 8 RV hookups, 20 horse stalls with runs, 15 covered pens, and 4 large traps. The standout feature is a roping arena, offering a unique bonus for tenants. Situated just across from the popular 377 Arena, this property boasts excellent exposure to the thriving local equine community. With the largest incoming class at Tarleton State University in 2024 fueling a housing...Prime investment opportunity in Stephenville, the Cowboy Capital of the World! This fully occupied property features 10 apartments, 8 RV hookups, 20 horse stalls with runs, 15 covered pens, and 4 large traps. The standout feature is a roping arena, offering a unique bonus for tenants. Situated just across from the popular 377 Arena, this property boasts excellent exposure to the thriving local equine community. With the largest incoming class at Tarleton State University in 2024 fueling a housing shortage, there's significant potential to raise rents on both the apartments and equine facilities. Don’t miss this chance to invest in a property with built-in demand and future growth opportunities.

Property Details for 8441 County Road 176

Subdivision Name
NONE
Pool
No
Number Of Parking Spaces
20
LISTING UPDATED: 09/24/2024 06:10 PM

Property Details for 8441 County Road 176

StatusActive
MLS #20735926
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built2011
CountyErath County

Building Information for 8441 County Road 176

Building/Complex8441 County Road 176Floor-Stories2Residences10Pet Policy-Year Built2011Building Size-

Property Information for 8441 County Road 176

Summary
Location and General Information
  • Community Features: Horse Facilities, RV Parking, Stable(s)
  • Complex Name: Cowboy Corner
  • Directions: GPS is accurate to location.
  • 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: 32.28
  • Longitude: -98.13
  • State: Texas
Parking
  • Parking Features: Additional Parking, Assigned, Common, Gravel, Oversized, Parking Lot, RV Access/Parking
Taxes and HOA Information
  • Tax Legal Description: ACRES: 6.110 A0271 FARROW JOHN M; & APARTMENT
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Concrete, Other
  • Heating: Central, Electric
  • Interior Features: Eat-in Kitchen, High Speed Internet Available, Kitchen Island
  • Appliances: Other
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Other
  • Construction Materials: Brick
  • Exterior Features: Awning(s), Balcony, RV Hookup, RV/Boat Parking, Stable/Barn
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Metal
  • Waterfront: No
  • Number Of Units Total: 10
  • Patio And Porch Features: Awning(s), Front Porch
  • Levels: Two
Property
Utilities
  • Utilities: All Weather Road, Co-op Electric, Private Water, Septic, No City Services
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Acreage, Agricultural, Pasture
  • Lot Size Acres: 6.11
  • Lot Size Area: 6.11
  • Lot Size Units: Acres
  • Lot Size Square Feet: 266151.6
  • Multi Parcel ID: No
  • Parcel Number: R000018742
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 4.49%
  • Gross Annual Expenses: $45,643
  • Gross Annual Income: $175,525
  • Insurance Expense: $11,273
  • Net Operation Income: $112,171.00
Unit 1
  • Living Area Length: 1.0
  • Unit Type Type: 1 Bedroom
Unit 2
  • Living Area Length: 1.0
  • Unit Type Type: 1 Bedroom
Unit 3
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 4
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 5
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 6
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 7
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 8
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 9
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom
Unit 10
  • Living Area Length: 1.0
  • Unit Type Type: 2 Bedroom

Property History for 8441 County Road 176

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8441 County Road 176

Taxable ValueLand$203,680Additions$631,650Total$835,330
Tax Record2023$10,922 ($910 / month)
Home Facts
Total Finished SqFt6,885 SqFtAbove Grade Finished SqFt6,885 SqFtStories1Lot Size266,152 SqFtStyleMulti-Family Dwelling (2-4)Year Built2011CountyERATHAPNR000018742

Schools near 8441 County Road 176

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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8441 County Road 176 is a multi-family home for sale in Stephenville, TX 76401. This property was listed for sale on September 23, 2024 by Texas Real Estate Twins, it's currently listed at $2,500,000. This listing's school district is Stephenville Independent School District. Nearby schools include Chamberlin Elementary School, Hook Elementary School and Gilbert Intermediate School. 8441 County Road 176 is a 0-bed, 10-bath, 6,098 sqft multi-family home built in 2011.

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 Texas Real Estate Twins, Chelsea Matlock

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 09/24/2024 06:10 PM