525 W Collins St | Stephenville, TX 76401
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- LoopNet Team
525 W Collins St
Stephenville, TX 76401
Purple Rail · Multifamily Property For Sale
·
33 Units
Investment Highlights
- Student Centered – 33 Spacious Townhome Units, Offering Three- and Four-Bedroom Multistory Layouts Designed for Group Living
- Attractive Property – Pitched Roofs with Hardie Board Siding and Corrugated Steel Accents for a Sleek, Durable Exterior
- Value-Add Upside – Ability to Increase NOI by $85K/Year Through Operational Improvements and Income Introduction; Pro Forma Cash-on-Cash Returns Close
- Strong Demand Drivers – Tarleton State University Continues to Set Enrollment Records, Fueling Demand for Quality Student Housing
- Preferred Mechanical Systems – Each Unit has its Own HVAC, Hot Water Heater, Metering for Electricity and Water, and Washer and Dryer
- Financing Flexibility – Offered Free and Clear of Existing Debt, Eligible for Both Agency and Bank Financing Options
Property Facts
| No. Units | 33 | Lot Size | 2.75 AC |
| Property Type | Multifamily | Building Size | 33,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2024 |
| Building Class | B |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.75 AC |
| Building Size | 33,000 SF |
| No. Stories | 3 |
| Year Built | 2024 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Breakfast Nook
- Double Pane Windows
- Island Kitchen
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Wi-Fi
- Online Services
- Individual Locking Bedrooms
- Roommate Matching
- Individual Leases Available
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 21 | $2,400 | 1,592 |
| 4+4.5 | 12 | $3,125 | 2,054 |
Property Taxes
| Parcel Number | R000033237 | Improvements Assessment | $5,446,330 |
| Land Assessment | $241,670 | Total Assessment | $5,688,000 |
Property Taxes
Parcel Number
R000033237
Land Assessment
$241,670
Improvements Assessment
$5,446,330
Total Assessment
$5,688,000
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