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290 S McIlhaney St
Stephenville, TX 76401
Multifamily Property For Sale
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44 Units
Investment Highlights
- Building is 100% leased, with a waiting list
- Building is less than a block from university campus
Executive Summary
This is a great investment opportunity, completed and rented May in 2022, These units are fully furnished student housing with beds, desks, couches, flatscreen TV's, and washer,dryers, designed for the student that wants more personal space. Conveniently located within 1 walking block of the Campus. There are 44 doors in the 3 buildings, 4- 1br-1ba efficiencies, 8- 2br-2b, 8- 3br-3ba. Each bedroom has it's on bathroom, The shared common area is the Living, Dining, laundry, and kitchen. There is a fence dog park on the property, All tenants have private parking available, as well as wifi, and Utilities are included with a usage cap. Manager does not live on site. All buyers must show qualified lending approval before showing and with Accepted offer all financial documents will be provided.
Property Facts
| Price Per Unit | $118,182 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.92 AC |
| No. Units | 44 | Building Size | 20,250 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Low-Rise | ||
| Zoning | C - Commercial | ||
| Price Per Unit | $118,182 |
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.92 AC |
| Building Size | 20,250 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Property Taxes
| Parcel Number | R000030261 | Improvements Assessment | $1,798,900 |
| Land Assessment | $321,980 | Total Assessment | $2,120,880 |
Property Taxes
Parcel Number
R000030261
Land Assessment
$321,980
Improvements Assessment
$1,798,900
Total Assessment
$2,120,880
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