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Riverside Townhomes 101 E Riverside Dr
11 Unit Apartment Building $1,980,000 ($180,000/Unit) 7.12% Cap Rate Stephenville, TX 76401
Property Facts
| Price | $1,980,000 | Apartment Style | Low Rise |
| Price Per Unit | $180,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.04 AC |
| Cap Rate | 7.12% | Building Size | 9,004 SF |
| Sale Conditions | Business Value Included | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment |
| Price | $1,980,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| Cap Rate | 7.12% |
| Sale Conditions | Business Value Included |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 1.04 AC |
| Building Size | 9,004 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2015 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
- Pantry
About 101 E Riverside Dr , Stephenville, TX 76401
GREAT INVESTMENT PROPERTY! Here is a fully occupied 11-unit apartment complex with 7 units that are 2 bedrooms, 1.5 baths and 4 units that are 1 bedrooms, 1 bath giving you a total of 11 units. With Tarleton State University growing and now a D1 school this would be a great rental property for an investor, a property management company, or buyers looking for a high-performance investment. This complex was built in 2015, and it has central heat and air, electric appliances, and is well maintained ensuring high demand and low vacancy rates. There are 18 parking spaces however some of the spaces are extremely long for even more parking space. This upscale townhome complex is within walking distance to the Stephenville city park and downtown Stephenville making the location even more desirable. Call for your appointment today! Need a 24 hour notice to show.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 613 |
| 2+1.5 | 7 | - | 936 |
PROPERTY TAXES
| Parcel Number | R000029697 | Improvements Assessment | $821,970 |
| Land Assessment | $81,620 | Total Assessment | $903,590 |
PROPERTY TAXES
zoning
| Zoning Code | R-3 (Multifamily) |
| R-3 (Multifamily) |
Presented by
Larinda Ray Realty Team
Riverside Townhomes | 101 E Riverside Dr
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