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For more information on this property, contact Rebekah Tackett at 254-413-2535 or rebekahtackett@yahoo.com

212 Reta Street
Stephenville, Texas TX 76401-1915
Sold For: N/A
Listing ID 20221525
Status Closed
Bedrooms 2
Full Baths 2
Total Baths 2
Acres 0.190
Year Built 1935

Property Description:

College kids and investors! Two unit duplex has already been updated. Additional value in large lot, approx 60x150, means room to add more units, zoned multi family. Currently generates $900 per month with room to increase. Both sides are currently leased. Refrigerators and window units convey. Efficiency units are approx 360sqft with living room, bathroom, kitchen. Well maintained, current investor just needs some operating cash for another venture. Good property, we have managed it for the last several years, no issues keeping it leased. Demand is here in Sville. Convenient location. Nice income producing property, $10k a year now, with more potential possible. Currently, landlord pays for water, trash and lawn care. Great opportunity to add to your portfolio or perfect entry level investment property. Live in one and lease the other!

Primary Features

County: Erath
Property Sub Type: Duplex
Property Type: Residential Income
Subdivision: City Add
Year Built: 1935

Interior

Appliances: Electric Range, Refrigerator
Cooling: Window Unit(s)
Flooring: Ceramic Tile, Laminate, Vinyl
Heating: Other
Interior Features: High Speed Internet Available
Levels: One

External

Construction Materials: Siding, Wood
Fencing: None
Foundation Details: Pillar/Post/Pier
Garage: no
Lot Features: Few Trees, Interior Lot
Lot Size: Less Than .5 Acre (not Zero)
Lot Size Area: 0.19
Lot Size Square Feet: 8276.4
Lot Size Units: Acres
Number Of Buildings: 1
Number Of Parking Spaces: 4
Number Of Units Total: 2
Parking Features: No Garage, Off Street, Open
Patio And Porch Features: Front Porch, Rear Porch
Pool: no
Roof: Composition
Utilities: City Sewer, City Water
Window Features: Window Coverings

Location

Association Type: None
Building Area Source: Assessor
Building Area Total: 720
Country: United States
Directions: Use GPS to 212 Reta. Heading West on Washington. Just past CVS turn right on Reta. Duplex will be on your left. SOP.
Elementary School: Central
Elementary School Name: Central
High School Name: Stephenvil
Intermediate School Name: Gilbert
Junior High School Name: Stephenvil
School District: Stephenville ISD
Waterfront: no

Additional

Accessibility Features: no
Complex Name: Reta Duplex
Dual Variable Compensation: no
Municipal Utility District: no
Property Match: APN
Second Mortgage: no
Smart Home Features: no
Status: Closed
Tenancy: 6 Months or Less, Month to Month
Third Party Assistance Program: no
US Property MUI: 409483720
Will Subdivide: No
Year Built Details: Preowned

Financial

Buyer Financing: Seller Financing
Capitalization Rate: 4.24
Close Price/Lot Size Acre: 639473.68421
Current Price/Lot Size: 639473.68421
Gross Annual Expenses: 4000
Gross Annual Income: 10800
Insurance Expense: 1500
Listing Terms: 1031 Exchange, Cash, Conventional
Net Operation Income: 5300
Operating Expense Includes: Legal, Maintenance, Maintenance Grounds, Trash, Water/Sewer
Possession: Closing/Funding
Tax Block: 148
Tax Lot: 17
Unexempt Taxes: 2710

Zoning Info


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