841 County Road 502
Stephenville, TX 76401

Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area, living room & 11x20 carport with utility rm washer & dryer connections. Horse run & shed behind each unit. Rents ave $800 per unit. Units updated (paint & new floors). Metal roof was installed over existing composition roof. This may affect ins cost or can be omitted from coverage. Units are easy to lease & highly desired. Current owner pays, taxes, ins, lawn maint of $140 when done (depends on rain & time of yr), dumpster approx $200 per mo & elect for the well pump ave $50 per mo. See uploads for P&L and notes. $49k annual net income potential with a cap rate of 7%.