Prime investment opportunity in Stephenville, the Cowboy Capital of the World and home to rodeo collegiate powerhouse, Tarleton State University. This fully occupied, income-producing property offers a rare mix of residential and equine amenities, including 10 apartments , 8 RV hookups , 20 horse stalls with runs , 15 covered pens , and 4 large traps . A key highlight is the on-site roping arena , adding a distinctive value feature for tenants and equine users. Located directly across from the popular 377 Arena , the property benefits from strong visibility and immediate connection to Stephenvilles active horse community. With Tarleton State Universitys growing enrollment contributing to a local housing shortage , this property presents meaningful upside potential for rent increases across both the apartments and equine facilities. An exceptional chance to invest in a high-demand asset with multiple income streams and future growth.