216 S Devine Street Stephenville, TX
$ 525,000
Property Attributes
  • MLS#14382888
  • TypeMulti-Family
  • CountyERATH
  • CityStephenville
  • NeighborhoodCity Add
  • Zip76401
  • StyleMUL-Apartment/5Plex+
  • Year Built1920
  • Taxes8109
  • Price$ 525,000
  • Bedrooms12
  • Full Bathrooms12
  • Half Bathrooms0
  • Sqr Footage5400
  • Lot Size10,803 SqFt
Listing Provided Courtesy Of:
Darrell Best with Keller Williams Realty
Property Description

Welcome to 216 S. Devine in Stephenville, home to Tarleton State University and Division 1 Sports. The property started as a single family residence in the 1920's and was converted to a 10 unit apartment complex in the 1980's. The property is a couple blocks from downtown and with a mile of campus. Each unit has its own electric and AC unit with centralized hot water heating. The rents are below market rates and the Seller projects a 7.3% cap rate for this cash flow positive property.

Elementary School Middle School High School
Central Elementary School Stephenvil Middle School Stephenvil High School
Price History
7/8/2020 Listed $575,000
7/28/2020 5% - $550,000
10/17/2020 5% - $525,000

General Features

# of Buildings 1
Block 35
Complex Name 216 S Devine
Construction Materials Wood
HOA Type None
Heating Panel/Floor/Wall, Window Unit
Interior Features High Speed Internet Available
Listing Area ERATH COUNTY (78)
Lot Number 2
Other Equipment Cooktop - Electric, Dishwasher, Disposal, Oven-Electric, Refrigerator
Property Type Multi-Family
Proposed Financing Cash, Conventional
Remarks Welcome to 216 S. Devine in Stephenville
School District Stephenville ISD
School Name Stephenvil
School Name Central
Stories 2
Subdivision City Add
Type MUL-Apartment/5Plex+
Utilities Asphalt, City Sewer, City Water
Virtual Tour Url Unbranded
Year Built 1920
Year Built Details Preowned

Interior Features

# of Units 10
Occupancy Rate 100
Sqft Building 5400
Total Bedrooms 12
Unit Count 2

Exterior Features

Foundation Pier & Beam
Lot Description Corner
Lot Size Area 0.248
Lot Size Area 0.248
Lot Size Area (acres) 0.248
Lot Size Area (sq Ft) 10802
Lot Size Units Acres
Number Of Parking Spaces 12
Parking Features Common Lot


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 76401

AVG $940K
AVG $6,893
AVG 155
Year Built
AVG 1966
AVG 40
Data Provided by Walkscore ® not using MLS data

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