1425 W Groesbeck St - Apartments FOR SALE


Stephenville, TX 76401
$700,000 USD
254-965-7653
1425 W Groesbeck St, Stephenville, TX for Sale
$700,000 USD
Apartments - FOR SALE
1/39
null | 5.79% Cap Rate

1425 W Groesbeck St
Stephenville, TX 76401


HIGHLIGHTS

  • Close to Tarleton State University
  • Stable tenants
  • Zoned for Multi-Family

OVERVIEW

Investor opportunity: Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$505 USD /SF

# OF UNITS

3

PRICE/UNIT

$233,333

CAP RATE

5.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1425 Groesbeck Street, Stephenville, TX 76401

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,240 SF

ZONING

R-3

APN/PARCEL ID

R000033651

ASK ABOUT THIS PROPERTY

Eric HaydenEbby Halliday StephenvilleMore Info
254-965-7653

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Eric HaydenEbby Halliday StephenvilleMore Info
254-965-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.