SoldAug 23, 2021

Listed by Rebekah Tackett from INFINITY REALTY

Source: North Texas Real Estate Information Systems, Inc. #14495328

841 CR-502, Stephenville, TX, 76401

Amount undisclosed

16
8
8
6000 sq. ft.
169884 sq. ft.

Apartment

30+ days on the market

Sold: Aug 23, 2021

What's around 841 CR-502

About this property

Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area, living room & 11x20 carport with utility rm washer & dryer connections. Horse run & shed behind each unit. Rents ave $800 per unit. Units updated (paint & new floors). Metal roof was installed over existing composition roof. This may affect ins cost or can be omitted from coverage. Units are easy to lease & highly desired. Current owner pays, taxes, ins, lawn maint of $140 when done (depends on rain & time of yr), dumpster approx $200 per mo & elect for the well pump ave $50 per mo. See uploads for P&L and notes. $49k annual net income potential with a cap rate of 7%.

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