Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.
Property Details
- Interior
- Built In Features, Eat In Kitchen, Granite Counters, High Speed Internet
- Cooling
- 1
- Heating
- Central, Electric
- Cooling Features
- Central Air, Electric, Wall Window Units
- Bedrooms
- 2
- Bathrooms
- 1.0
- Full Baths
- 1
- Lot Features
- Interior Lot
- Lot Description
- Interior Lot
- Exterior Features
- Fire Pit, Storage
- Exterior Materials
- Fire Pit, Storage
- Acres
- 0.0
- Lot Size (sqft)
- 0.12
- Parking Features
- Driveway
- Parking Spaces
- 1.0
- Parking Type
- Driveway
- Property Type
- Multi-Family
- Year Built
- 1947
- Foundation
- Pillar Post Pier
- Roof
- Asphalt
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Sewer Available, Water Available
- Appliances
- Electric Range
- Subdivision
- College Heights
- School District
- Stephenville ISD
- Elementary School
- Chamberlai
- Middle School
- Gilbert,Stephenvil
- High School
- Stephenvil
- County
- Erath
- Region
- Stephenville
- Days on Market (Cumulative)
- 134
- Taxes Annual
- $1,723
Location
Legal
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Provided By
Listed by Eric Hayden (#0606910)
Listing Office: Ebby Halliday Realtors (#EBBY00SV)
