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$1,295,000

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4 Beds

3 Baths

2,520 SqFt

Active

693 CR 501 #15 Stephenville, TX 76401

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Patricia Ann Young

patricia@followmyheelshome.com +1(972) 795-4260

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Key Details

Property Type Single Family Home

Sub Type Farm/Ranch

Listing Status Active

Purchase Type For Sale

Square Footage 2,520 sqft

Price per Sqft $513

Subdivision Na

MLS Listing ID 20823128

Style Ranch

Bedrooms 4

Full Baths 2

Half Baths 1

HOA Y/N None

Year Built 1983

Lot Size 15.000 Acres

Acres 15.0

Property Sub-Type Farm/Ranch

Property 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!

Location

State TX

County Erath

Direction From the corner of the South Loop and Lillian, take Lillian St. south to CR 256. Turn right on to CR 501. CR 501 dead ends at the property gate.

Rooms

Dining Room 1

Interior

Interior Features Built-in Features, Granite Counters, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Central, Propane

Cooling Central Air, Electric

Flooring Laminate, Simulated Wood, Vinyl

Fireplaces Number 1

Fireplaces Type Decorative, Den, Masonry, Stone, Wood Burning

Appliance Dishwasher, Electric Oven, Gas Cooktop

Heat Source Central, Propane

Exterior

Carport Spaces 2

Pool In Ground

Utilities Available Co-op Electric, Gravel/Rock, Overhead Utilities, Septic, Well

Roof Type Asphalt,Metal

Street Surface Gravel

Total Parking Spaces 2

Garage No

Private Pool 1

Building

Lot Description Acreage, Agricultural, Few Trees

Story One

Foundation Slab

Level or Stories One

Structure Type Rock/Stone,Steel Siding,Stone Veneer

Schools

Elementary Schools Central

High Schools Stephenvil

School District Stephenville Isd

Others

Ownership Of Record

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20823128

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Clinton Mckeehan • CLARK REAL ESTATE GROUP

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Patricia Ann Young

Agent | License ID: 0555284

+1(972) 795-4260

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693 CR 501 #15 Stephenville, TX 76401

Patricia Ann Young

Key Details

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693 CR 501 #15