Address
120 Bunkhouse Road, Stephenville, TX
Price
$ 4,450,000
Property Attributes
- MLS#20601224
- TypeMulti-Family
- CountyERATH
- CityStephenville
- Zip76401
- StyleApartment
- Year Built2015
- Taxes$ 27491
- Price$ 4,450,000
- Bedrooms19
- Full Bathrooms21
- Half Bathrooms0
- Lot Size6.261 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Located in the thriving heart of Stephenville, known for its dynamic rodeo scene and vibrant college life, 120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena—perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped office spaces. All rental spaces are currently fully occupied, ensuring a steady and robust revenue stream. These amenities not only enhance the property’s appeal but also ensure it is a turnkey solution with immediate revenue generation. This property has a strong existing tenant base and potential for further expansion due to wait list. This property promises substantial cash flow and represents a compelling investment for those seeking a stable, high-yield asset in a lively market.
| Elementary School |
|---|
| Central Elementary School |
| Price History | |
|---|---|
| 5/4/2024 | Listed $4,450,000 |
General Features
| Heating | Central |
|---|---|
| Complex Name | 120 Bunkhouse Rd |
| Cooling | Ceiling Fan(s),Central Air |
| Utilities | Community Mailbox |
| Possession | Closing/Funding |
| Roof | Metal |
| Appliances | Dishwasher |
| School District | Stephenville ISD |
| Capitalization Rate | 9.02 |
| Year Built | 2015 |
| Levels | One |
| Unexempt Taxes | 27491 |
| Will Subdivide | Yes |
| Gross Annual Expenses | 80000.00 |
| Property SubType | Apartment |
| Subdivision Name | na |
| County | Erath |
| Operating Expense Includes | Insurance,Maintenance,Maintenance Grounds,Maintenance Structure,Utilities |
| Property Type | Residential Income |
| Construction Materials | Metal Siding,Rock/Stone |
| Year Built Details | Preowned |
| Accessory Unit Type | Other |
| Accessory Unit YN | Yes |
| HOA Type | None |
| # of Buildings | 7 |
| Status | Active |
| Directions | Follow GPS for directions |
| City | Stephenville |
| Buyer Agent Compensation | 3 |
| Elementary School Name | Central |
| High School | Stephenvil |
| Elementary School | Central |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20601224 |
| Standard Status | Active |
| Junior High School | Stephenvil |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Decorative Lighting |
|---|---|
| Flooring | Concrete |
| Total Units | 19 |
| Unit Count | 1 |
| Full Baths | 21 |
| Lock Box Type | Other |
| Total Baths | 21 |
Exterior Features
| Exterior Features | Covered Patio/Porch,RV Hookup,RV/Boat Parking,Stable/Barn,Storage |
|---|---|
| Lot Features | Acreage |
| Fencing | Barbed Wire,Gate,Pipe |
| Lot Size Source | Assessor |
| Parking Features | Asphalt,Open,Outside,Parking Lot |
| Lot Size | 5 to < 10 Acres |
| Foundation | Slab |
| Lot Size Area | 6.2610 |
| Number Of Parking Spaces | 30 |
| Lot Size Units | Acres |
| Building Area Total | 16110.00 |
| Lot Size Square Feet | 272729.1600 |
| Lot Size Acres | 6.2610 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76401
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
