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Listing provided courtesy of Ebby Halliday Realtors- MLS# 21174858MLS ProviderContact Information: Eric Hayden - (254) 965-7653

1425, 1435, 420 Groesbeck & LillianStephenville, TX 76401

Multi-Family · 9 Beds · 3 Full Baths · 3,580 Sq. ft. | 0.91 Acres
$650,000 Active

1425, 1435, 420 Groesbeck & Lillian Overview

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Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!

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1425, 1435, 420 Groesbeck & Lillian Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,580
  • Price/Sq.ft. $182
  • Lot 0.91 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Stephenville ISD
  • Middle Or Junior School: Gilbert,Stephenvil
  • High School: Stephenvil

Income/Expenses

  • Gross Income: 60000.0
  • Insurance Expense: 9305.0
  • Net Operating Income: 40533.0
  • Operating Expense Includes: Insurance,New Tax

Building Information

  • Year Built: 1910
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Erath
  • Postal City: STEPHENVILLE
  • Subdivision Name: S6200 SOUTH SIDE

Community/Development

  • Community Features: Curbs

Tax Information

  • Tax Annual Amount: 10162.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R000033651
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 9

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 3580.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater,Disposal,Gas Water Heater
  • Flooring: Carpet,Laminate,Tile,Wood
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Eat-in Kitchen,High Speed Internet,Cable TV
  • Levels: One
  • Stories: 1
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Driveway,Gravel,On Site,Outside,On Street
  • Parking Total: 3.0

Lot Information

  • Lot Features: Back Yard,Interior Lot,Lawn,Few Trees
  • Lot Size Acres: 0.91
  • Lot Size Area: 0.91
  • Lot Size Square Feet: 39639.6
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Wood Siding
  • Patio And Porch Features: Patio,Covered
  • Roof: Composition,Metal

General Information

  • Carport: No
  • Exterior Features: Fire Pit,Storage
  • Fencing: Chain Link,Fenced,Other,Privacy,Wood
  • Number Of Units Total: 3
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 3 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1425, 1435, 420 Groesbeck & Lillian Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1425, 1435, 420 Groesbeck & Lillian Market Data

Based on the last 30 days in this zip code

$631,349
Average List Price
$298
Average Price per Square Foot
32
Properties Sold
125
Average Days on Market
210
Properties for Sale
Calculations provided by Reliance Network


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