216 S Devine Street, Stephenville

$575,000

12 Beds
0 Baths
0 Sqft
¼ Acres
0 Garages

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
LISTING MAP

Get directions to this property:

Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

Listing information last updated on September 16th, 2019 at 10:00pm CDT.

Sign up for email updates