101 E Riverside Dr - Apartments FOR SALE


Stephenville, TX 76401
$1,980,000 USD
254-968-5750
101 E Riverside Dr, Stephenville, TX for Sale
$1,980,000 USD
Apartments - FOR SALE
1/23
null | 7.12% Cap Rate

101 E Riverside Dr
Stephenville, TX 76401


OVERVIEW

GREAT INVESTMENT PROPERTY! Here is a fully occupied 11-unit apartment complex with 7 units that are 2 bedrooms, 1.5 baths and 4 units that are 1 bedrooms, 1 bath giving you a total of 11 units. With Tarleton State University growing and now a D1 school this would be a great rental property for an investor, a property management company, or buyers looking for a high-performance investment. This complex was built in 2015, and it has central heat and air, electric appliances, and is well maintained ensuring high demand and low vacancy rates. There are 18 parking spaces however some of the spaces are extremely long for even more parking space. This upscale townhome complex is within walking distance to the Stephenville city park and downtown Stephenville making the location even more desirable. Call for your appointment today! Need a 24 hour notice to show.

FOR SALE DETAILS

PRICE

$1,980,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

11

PRICE/UNIT

$180,000

CAP RATE

7.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,346 SF

ZONING

R-3 (Multifamily)

APN/PARCEL ID

R000029697

ASK ABOUT THIS PROPERTY

Larinda RayLarinda Ray Realty TeamMore Info
254-968-5750

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Larinda RayLarinda Ray Realty TeamMore Info
254-968-5750

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