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Pam Knieper

Broker / Owner

  • Office 817-579-7900
  • Cell 817-219-0456
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216 S Devine Street, Stephenville, TX – $575,000

  • $575k Price
  • 12 Beds
  • ¼ Acres
  • $575k Price
  • 12 Beds
  • ¼ Acres

216 S Devine Street

Vision Commercial Real Estate is pleased to present the opportunity to acquire 216 S. Devine Street, located less than one mile from Tarleton State University. Originally built as a Single-Family dwelling in 1920, the property was converted to a 10-unit apartment complex in the mid 1980’s. Each residential unit is equipped with their own electric meter, PTAC cooling system, and individual hot water heaters. The property is currently stabilized at 100% occupancy, with current rents averaging $75-$100 below market comps. This asset provides an investor with positive cash-flow from day-one along with the ability to substantially increase the NOI through continuing interior renovations.

Essential Information

  • MLS® #14176300
  • Price$575,000
  • Bedrooms12
  • Bathrooms0.00
  • Full Baths10
  • Acres0.25
  • Year Built1920
  • TypeMulti-Family
  • Sub-TypeApartment / 5-Plex+
  • StatusActive

Community Information

  • Address216 S Devine Street
  • AreaERATH COUNTY (78)
  • SubdivisionCity Add
  • CityStephenville
  • CountyErath
  • StateTX
  • Zip Code76401-4300

Amenities

  • Parking Spaces14
  • GaragesCommon Lot

Utilities

City Sewer, City Water, Master Gas Meter, Master Water Meter

Interior

  • Interior FeaturesCable TV Available
  • HeatingPanel/Floor/Wall, Window Unit
  • # of Stories2
  • Stories2

Appliances

Cooktop - Electric, Dishwasher, Disposal, Oven - Electric, Refrigerator

Exterior

  • RoofMetal
  • ConstructionFrame/Brick Trim, Wood
  • FoundationPier & Beam

School Information

  • DistrictStephenville ISD
  • HighStephenvil

Listing Details

  • AgentRoger Smeltzer
  • OfficeVision Commercial Real Estate
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Listing information last updated on November 21st, 2019 at 9:00pm CST.