About 1425, 1435, 420 Groesbeck & Lillian
Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!
Features of 1425, 1435, 420 Groesbeck & Lillian
| MLS® # | 21174858 |
|---|---|
| Price | $620,000 |
| Bedrooms | 9 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Acres | 0.91 |
| Year Built | 1910 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1425, 1435, 420 Groesbeck & Lillian |
|---|---|
| Subdivision | S6200 SOUTH SIDE |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401 |
Amenities
| Utilities | City Sewer, City Water, Curbs |
|---|---|
| Parking Spaces | 3 |
| Garages | Driveway, On Street, Outside, Gravel, On Site |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Cable TV Available, Eat-in Kitchen, High Speed Internet Available |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Covered Porch(es), Fire Pit, Storage |
|---|---|
| Lot Features | Few Trees, Lrg. Backyard Grass, Interior Lot |
| Roof | Composition, Metal |
| Construction | Siding, Wood |
| Foundation | Pillar/Post/Pier |
School Information
| District | Stephenville ISD |
|---|---|
| High | Stephenvil |
Additional Information
| Flooring | Carpet, Laminate, Wood, Tile |
|---|---|
| Special Notes. | Aerial Photo |
| Net Income | $40,533 |
| Building Sqft | 3,580 |
| # Units | 3 |
Listing Details
| Agent | Eric Hayden |
|---|---|
| Office | Ebby Halliday Realtors |
| Contact Info | (254) 965-7653 |