11671 FM 3025 , Stephenville, TX 76401(Erath County)

5,000 square foot apartment with 6 matching units, each unit has 2 bedroom and 1 bath and is currently bringing rented at $500 per month. Entering a unit you will find a spacious living area, with wood paneling and ceiling and stained concrete floors. The kitchen has cabinets that coordinate well with the wood walls, there is open shelving and cabinets on one wall for extra storage. This eat in kitchen is perfectly sized and big enough for a dining table. Both the bedrooms measure a generous 10x13 and offers a single closet. The shared bath has an abundance of storage and offers a full size tub shower combo. There is a utility closet in each unit with full size washer and dryer hook-ups. Across the front of the complex there is a covered porch, and open parking for your vehicles or trailers. There is also a family residence that has 3 bedrooms, 1 bath and offers a 1,130 square foot of living space, which is rented for $750 per month. Outside the home you will find a one vehicle carport.

The Property

This rental property attracts horse enthusiast! Located on the property is a 27 stall horse barn with runs, and a 15x20 hay/feed room. The barn is equipped with water and electricity. Being on 6 acres there is pasture for riding and exercising, and leaves plenty of room to expand or add an arena. There is a gravel entrance and between the apartment and barn, making it easy to maneuver a trailer.

Area Demographics

Investors, this 6 acre ranch style apartment is located on FM 3025 about 8 miles from Stephenville, Texas and is in the Huckabee School district. Stephenville is located just an hour and fifteen minutes from Fort Worth. For those looking to re-locate in Erath County, this property is in Stephenville, Texas, the county seat. Stephenville is home to Tarleton State University, which has an enrollment of more than 7,800 and a full time faculty and staff of 1,100. Six major manufacturing firms employ 1,400 people in Stephenville. The towns major industry is agriculture, with approximately $200 million added to the economy yearly. Of that amount, dairy farming leads the way with approximately $140 million in revenue. According to the 2010 census, the county population was 37,890 and the city population was 17,123.