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Listing provided courtesy of Ebby Halliday Realtors- MLS# 21253345MLS ProviderContact Information: Eric Hayden - (254) 965-7653

1425-1435 Groesbeck StreetStephenville, TX 76401

Multi-Family · 6 Beds · 2 Full Baths · 2,416 Sq. ft. | 0.69 Acres
$499,000 Active

1425-1435 Groesbeck Street Overview

Visits:
11

Prime Multi-family investment opportunity! Two home bundle sitting on a combined .69 acre lot if replatted, and already zoned R-3. Unlock the perfect blend of steady cash flow and long-term development potential with this rare two home bundle! Both homes feature three bedrooms and 1 full bathroom, and are tenant occupied. Replat and build a multi-family complex while collecting rental income during the planning phase! You'll appreciate the solid location just minutes from the ever growing Tarleton State University. With increasing rental demand, you can rest assured your investment delivers versatility and value. Whether you're looking to expand your rental portfolio or break ground on your next development, you'll want to see this one. Schedule your showing today!

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1425-1435 Groesbeck Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,416
  • Price/Sq.ft. $207
  • Lot 0.69 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Stephenville ISD
  • Elementary School: Chamberlai
  • High School: Stephenvil

Income/Expenses

  • Gross Income: 38400.0
  • Insurance Expense: 4200.0
  • Net Operating Income: 26597.0

Building Information

  • Year Built: 1954
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Erath
  • Postal City: STEPHENVILLE
  • Subdivision Name: SOUTH SIDE ADDITION

Tax Information

  • Tax Annual Amount: 7603.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R000033650
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 2416.0

General Information

  • Appliances: Gas Range
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Carpet,Laminate,Wood
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Built-in Features,High Speed Internet,Cable TV
  • Levels: One
  • Living Area: 2416.0
  • Stories: 1
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Driveway,On Site,On Street
  • Parking Total: 4.0

Lot Information

  • Lot Features: Back Yard,Cleared,Interior Lot,Lawn,Few Trees
  • Lot Size Acres: 0.688
  • Lot Size Area: 0.688
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 29969.28
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Vinyl Siding,Wood Siding
  • Patio And Porch Features: Covered
  • Roof: Composition

General Information

  • Carport: No
  • Exterior Features: Storage
  • Fencing: Chain Link,Privacy
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1425-1435 Groesbeck Street Market Data

Based on the last 30 days in this zip code

$631,349
Average List Price
$298
Average Price per Square Foot
32
Properties Sold
125
Average Days on Market
210
Properties for Sale
Calculations provided by Reliance Network


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