120 Bunkhouse Road, Stephenville, Texas 76401
- $4,450,000
- 21
- BA
- List Price
- $4,450,000
- MLS#
- 20601224
- Status
- ACTIVE
- Type
- Multifamily
- Year Built
- 2015
- Construction Status
- Preowned
- Full Baths
- 21
- Acres
- 6.26
- County
- Erath
- City
- Stephenville
- Subdivision
- na
- Building Name
- 120 Bunkhouse Rd
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 property’s 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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Additional Information
- Unexempt Taxes
- $27,491
- HOA
- No HOA
- Total Annual Expenses
- Insurance, Maintenance, Maintenance Grounds, Maintenance Structure, Utilities
- Gross Annual Expenses
- 80000
- Gross Annual Income
- 481400
- Lot Size
- 272,729
- Acres
- 6.26
- Lot Description
- Acreage
- Subdivided
- Yes
- Interior Features
- Decorative Lighting
- Flooring
- Concrete
- Foundation
- Slab
- Roof
- Metal
- Stories
- 1
- Street Utilities
- Community Mailbox
- Heating Cooling
- Central
- Exterior
- Covered Patio/Porch, RV Hookup, RV/Boat Parking, Stable/Barn, Storage
- Construction Material
- Metal Siding, Rock/Stone
- Parking Garage
- Asphalt, Open, Outside, Parking Lot
- Total Num Parking
- 30
- School District
- Stephenville Isd
- Elementary School
- Central
- High School
- Stephenvil
- Possession
- Closing/Funding
- Building Sq. Ft.
- 16110
- Number of bldgs.
- 7
- Number of units
- 19
- Possession
- Closing/Funding
- Cap Rate
- 9.02
Mortgage Calculator
Listing courtesy of Jennifer Birkle from Texas Legacy Realty. Contact: 817-312-9545