693 County Road 501
Stephenville, TX 76401
8 beds | 5.5 baths | 15.00 acres | #20821997
Description
Every once in a while and opportunity like this presents it's...don't let this one get away! Exceptional income-producing horse property, just 5 minutes from Stephenville! Spanning approximately 15.1± acres (to be surveyed), this beautiful property features a newly remodeled 2,520 sq. ft. 4 bed and 2.5 bath main home complete with an inground swimming pool.
Ready for the horse enthusiasts, the property boasts a lighted arena with a return alley and stock holding pens. Adjacent to the main home, you'll find three apartments, 5 full RV hookups, and six horse stalls with pipe-fenced turnouts. Additional amenities include turnouts with sheds able to accommodate up to 24 additional horses, and a large, approximately 100'x50' commodity barn with covered working pens and tack rooms.
Rental income from one 2-1 rental unit and two 1-1 rental unit that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The 5 RV spaces are consistently rented and provide steady income.
This property offers endless possibilities: live comfortably in the main house while generating income from the apartments and stalls, or enjoy it all to yourself. Opportunities like this are rare, don’t let it slip away!
Property Details
- InteriorBuilt-in Features, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
- Utility FeaturesCo-op Electric, Gravel/Rock, Septic, Well
- Property SubtypeMultiple Single Units
- School DistrictStephenville ISD
- Property TypeMulti-Family
- MLS #20821997
- MLS #20821997
- Lot DescriptionAcreage
- Acres15.0000
- Elementary SchoolCentral
- Cost1295000
- CountyErath
- Year Built1983
- FoundationSlab
- Bathrooms5.5
- SubdivisionNA
- Bedrooms8
- Full Baths5
- Half Baths1
Location
Legal
© 2023 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 David Bush Realtors shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright
Last Updated: . Source: NTREIS
Listing Courtesy
Listing Agent: Clinton Mckeehan (#0796386), Phone: (254) 987-2248
Listing Office: CLARK REAL ESTATE GROUP (#CREG00SV)
Interested in Purchasing 693 County Road 501?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
