About 1425-1435 Groesbeck Street
Prime Multi-family investment opportunity! Two home bundle sitting on a combined .69 acre lot if replatted, and already zoned R-3. Unlock the perfect blend of steady cash flow and long-term development potential with this rare two home bundle! Both homes feature three bedrooms and 1 full bathroom, and are tenant occupied. Replat and build a multi-family complex while collecting rental income during the planning phase! You'll appreciate the solid location just minutes from the ever growing Tarleton State University. With increasing rental demand, you can rest assured your investment delivers versatility and value. Whether you're looking to expand your rental portfolio or break ground on your next development, you'll want to see this one. Schedule your showing today!
Features of 1425-1435 Groesbeck Street
| MLS® # | 21253345 |
|---|---|
| Price | $425,000 |
| Bedrooms | 6 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,416 |
| Acres | 0.69 |
| Year Built | 1954 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1425-1435 Groesbeck Street |
|---|---|
| Subdivision | SOUTH SIDE ADDITION |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 4 |
| Garages | Driveway, On Site, On Street |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Cable TV Available, High Speed Internet Available, Built-in Features |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Covered Porch(es), Storage |
|---|---|
| Lot Features | Few Trees, Interior Lot, Lrg. Backyard Grass, Cleared |
| Roof | Composition |
| Construction | Siding, Vinyl Siding, Wood |
| Foundation | Pillar/Post/Pier |
School Information
| District | Stephenville ISD |
|---|---|
| Elementary | Chamberlai |
| High | Stephenvil |
Additional Information
| Flooring | Carpet, Wood, Laminate |
|---|---|
| Special Notes. | Aerial Photo |
| $/LivSqFt | $176 |
| Net Income | $26,597 |
| Building Sqft | 2,416 |
| # Units | 2 |
Listing Details
| Agent | Eric Hayden |
|---|---|
| Office | Ebby Halliday Realtors |
| Contact Info | (254) 965-7653 |