About 693 County Road 501
Every once in a while and opportunity like this presents it's...don't let this one get away! Exceptional income-producing horse property, just 5 minutes from Stephenville! Spanning approximately 15.1± acres (to be surveyed), this beautiful property features a newly remodeled 2,520 sq. ft. 4 bed and 2.5 bath main home complete with an inground swimming pool. Ready for the horse enthusiasts, the property boasts a lighted arena with a return alley and stock holding pens. Adjacent to the main home, you'll find three apartments, 5 full RV hookups, and six horse stalls with pipe-fenced turnouts. Additional amenities include turnouts with sheds able to accommodate up to 24 additional horses, and a large, approximately 100'x50' commodity barn with covered working pens and tack rooms. Rental income from one 2-1 rental unit and two 1-1 rental unit that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The 5 RV spaces are consistently rented and provide steady income. This property offers endless possibilities: live comfortably in the main house while generating income from the apartments and stalls, or enjoy it all to yourself. Opportunities like this are rare, don’t let it slip away!
Features of 693 County Road 501
| MLS® # | 20821997 |
|---|---|
| Price | $1,295,000 |
| Bedrooms | 8 |
| Bathrooms | 5.10 |
| Full Baths | 5 |
| Half Baths | 1 |
| Acres | 15.00 |
| Year Built | 1983 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 693 County Road 501 |
|---|---|
| Subdivision | NA |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401 |
Amenities
| Utilities | Co-op Electric, Gravel/Rock, Septic, Well |
|---|---|
| Garages | Attached Carport, Common, Gravel |
| Is Waterfront | No |
| Pool On Property | Yes |
Interior
| Interior Features | Built-in Features, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s) |
|---|---|
| Heating | Central, Propane |
| Fireplace | No |
Exterior
| Lot Features | Acreage |
|---|---|
| Roof | Asphalt, Metal |
| Construction | Rock/Stone, Steel Siding, Stone Veneer |
| Foundation | Slab |
School Information
| District | Stephenville ISD |
|---|---|
| Elementary | Central |
| High | Stephenvil |
Additional Information
| Flooring | Laminate, Simulated Wood, Vinyl |
|---|---|
| Net Income | $93,158 |
| Building Sqft | 2,520 |
| # Units | 4 |
Listing Details
| Agent | Clinton Mckeehan |
|---|---|
| Office | CLARK REAL ESTATE GROUP |
| Contact Info | 254-987-2248 |