BEDS11
BATHS6 full
MLS#20913268
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSpringfield Park #11
SCHOOLStephenville ISD
Property Description
Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space. Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air
Fireplaces: 1
Heating: Central, Electric
Lot Size: 5.00 Acres
Roof Type: Metal, Shingle
Year Built: 1987
Amenities
Decorative Lighting
Eat-in Kitchen
Covered Deck
Covered Patio/Porch
Other
Feature Descriptions
Appliances: Dryer, Electric Oven, Electric Range, Gas Cooktop, Refrigerator, Washer, Other
Days on Site: 335
Exclusions: All personal items for the tenants
Exterior: Siding, Other
Fencing: Back Yard, Chain Link, Wood, Other
Fireplace: Decorative, Wood Burning, Other
Flooring: Concrete, Luxury Vinyl Plank, Other, Vinyl
Lot: Acreage, Cleared, Few Trees
Parcel#: R000044390
Parking: Carport, Common, On Site
Parking Notes: Carport, Common, On Site
Patio/Porch: Covered, Front Porch, Rear Porch, Screened
Units: 5
Utilities: Private Water, Septic, Well
Window: Window Coverings
Local Schools
Elementary School: Central
School District: Stephenville ISD
Listed By / Shown By
Listed By
Agency Name: Ebby Halliday Realtors
Agency Contact: (254) 965-7653
Agent Name: Brittany Elkins
Shown By
Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors
Estimate Your Payment
Estimated Payment
$ 2,514.72 per month $2,223.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $291.38 Homeowner's Insurance
1450 Lincoln Drive | MLS# 20913268
This multi-family property located at 1450 Lincoln Drive, Stephenville, TX 76401 is currently listed for sale with an asking price of $999,000. Lincoln Drive is located within the Stephenville ISD school district. Search Stephenville real estate on karenschaeper.kellyrealtors.com today.