1425, 1435, 420 Groesbeck & Lillian, Stephenville, TX 76401
- $650,000
- 9
- BD
- 3
- BA
- List Price
- $650,000
- MLS#
- 21174858
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1910
- Construction Status
- Preowned
- Bedrooms
- 9
- Full Baths
- 3
- Acres
- 0.91
- County
- Erath
- City
- Stephenville
- Subdivision
- S6200 SOUTH SIDE
Property Description
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!
Additional Information
- Unexempt Taxes
- $10,162
- Lot Size
- 39,639
- Acres
- 0.91
- Lot Description
- Back Yard, Irregular Lot, Lawn, Few Trees
- Interior Features
- Eat-In Kitchen, High Speed Internet, Cable TV
- Flooring
- Carpet, Laminate, Tile, Wood
- Foundation
- Pillar/Post/Pier
- Roof
- Composition, Metal
- Stories
- 1
- Pool Features
- None
- Exterior
- Fire Pit, Storage
- Parking Garage
- Driveway, Gravel, On Site, Other, On Street
- School District
- Stephenville Isd
- Middle School
- Gilbert, Stephenvil
- High School
- Stephenvil
- Possession
- CloseOfEscrow
- Community Features
- Curbs
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Listing courtesy of Eric Hayden from Ebby Halliday Realtors. Contact: (254) 965-7653