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120 Bunkhouse Road

Stephenville, TX 76401
  • $4,450,000
  • STATUS: Active
  • ID#: 20601224
UPDATED: 207 min ago
$4,450,000
  • 0
    BEDS
  • 6.26
    ACRES
  • 21
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
na
Type:
Multi-Family
Built:
2015
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Jennifer Birkle of Texas Legacy Realty: 817-312-9545.

Description

Located in the thriving heart of Stephenville, known for its dynamic rodeo scene and vibrant college life, 120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena"perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped office spaces. All rental spaces are currently fully occupied, ensuring a steady and robust revenue stream. These amenities not only enhance the propertys appeal but also ensure it is a turnkey solution with immediate revenue generation. This property has a strong existing tenant base and potential for further expansion due to wait list. This property promises substantial cash flow and represents a compelling investment for those seeking a stable, high-yield asset in a lively market.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Armstrong Properties. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Armstrong Properties are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-05-18T23:41:43.33.
www.armstrongpropertiestx.com/homes/150221175
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120 Bunkhouse Road Stephenville, TX 76401

  • Price: $4,450,000
  • Status: Active
  • On Site: Days
  • Updated: 207 min ago
  • ID#: 20601224
0
Beds
21
Baths
0
½ Baths
6.26
Acres
2015
Built
Neighborhood:
na
County:
Erath
Area:
Stephenville
Elementary School:
Central
High School:
Stephenvil
School District:
Stephenville ISD
Property Description
Located in the thriving heart of Stephenville, known for its dynamic rodeo scene and vibrant college life, 120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena"perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped office spaces. All rental spaces are currently fully occupied, ensuring a steady and robust revenue stream. These amenities not only enhance the propertys appeal but also ensure it is a turnkey solution with immediate revenue generation. This property has a strong existing tenant base and potential for further expansion due to wait list. This property promises substantial cash flow and represents a compelling investment for those seeking a stable, high-yield asset in a lively market.
Exterior Features

Carport Spaces 0 Construction Metal SidingRock/Stone Covered Spaces 0 Exterior Features Covered Patio/PorchRV HookupRV/Boat ParkingStable/BarnStorage Fencing Barbed WireGatePipe Foundation Slab Lot Description Acreage Lot Size Source Assessor Parking Or Garage AsphaltOpenOutsideParking Lot Parking Spaces 30 Pool On Property No Roof Metal

Interior Features

Appliances Dishwasher Attached Garage No Basement No Cooling Ceiling Fan(s)Central Air Fireplaces 0 Flooring Concrete Garage No Handicap YN No Heating Central Interior Features Decorative Lighting

Property Features

Accessory Unit Type Other Accessory Unit YN Yes Building Area Source Other Building Area Total 16110.00 Complex Name 120 Bunkhouse Rd Construction Status Preowned Gross Annual Expenses 80000.00 Gross Annual Income 481400.00 HOA None Horse Permitted Yes Insurance Expense 0 Intermediate School Name Gilbert Junior High School Name Stephenvil Levels One List MLSProvider Greater Fort Worth Association Of Realtors Municipal Utility District No Net Operation Income 401400 Operating Expense Includes InsuranceMaintenanceMaintenance GroundsMaintenance StructureUtilities Possession Closing/Funding Property Type Apartment Unexempt Taxes 27491 Utilities Community Mailbox Will Subdivide Yes

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Armstrong Properties. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Armstrong Properties are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-05-18T23:41:43.33.
 
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Armstrong Properties
115 West Buck
Caldwell TX, 77836
Offered by Jennifer Birkle of Texas Legacy Realty: 817-312-9545.