$1,600,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
4.201
Open Houses
-
year built
1924
Full Baths
0
Half Baths
0
Stephenville, known as the 'Cowboy Capital of the World', has become a very popular 'hot spot' where everyone wants to live. Investors should seize this 'once-in-a-lifetime' opportunity to purchase the only substantial parcel of land available, zoned R3 multi-family, conveniently located on the same block as the City Park and within a mile of one of Texas' fastest-growing universities, Tarleton State University—a member of the Texas A&M University System—that has recently broadened its campus in Fort Worth. This expansion has created a surge in population growth in the college town, along with a major housing shortage and surge in rental prices as new students, faculty, and staff annually seek housing. Tarleton State has recorded unprecedented enrollment growth for five consecutive years, reaching around 18,000 students in fall 2024, marking a 45% increase since 2019. A U.S. Census indicates that approximately 54% of Stephenville's population are renters, facing a high vacancy rate. For investors, this translates to potential cash flow! Also, within walking distance lies the quaint town square, that features the Courthouse built in 1892, historical buildings, diverse businesses, restaurants, cafes, boutiques, shops, museums, and historical sites. The Bosque River Trail, a trail for walking, hiking, and biking, follows the north bank of the Bosque River. Spanning approximately 1.5 miles, it links the downtown to the City Park. The property spans 4.201 acres, comprising two parcels with 484 feet of frontage on Alexander Road. Its topography is level to gently rolling, dotted with mature oak trees, making it ideal for various residential developments in a parklike environment with Bosque River views, and convenient access to the City Park and trails. Developers have a unique chance to capitalize on an incredible location with a broad tenant base, and a city experiencing a surge in housing demand, all at an exceptionally competitive price.
Location | |
Subdivision | none |
County | Erath |
Elementary School | - |
Middle School | - |
High School | - |
Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 20784542
Listing agent:
Darlene Crumley
#0685812
Listing broker:
Keller Williams Heritage West
(817) 441-4000
Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Wednesday, December 11 2024 at 11:27 p.m. EST
Kotohomes National
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