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.
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Listing Snapshot
Price
$2,500,000
Days On Site
93 Days
Bedrooms
N/A
Inside Area (SqFt)
6,098 sqft
Total Baths
10
Full Baths
10
Partial Baths
N/A
Lot Size
6.11 Acres
Year Built
2011
MLS® Number
20735926
Status
Active
Property Tax
$11,568
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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