216 S Devine Street Stephenville, TX
$ 575,000
Property Attributes
  • MLS#14176300
  • TypeMulti-Family
  • CountyERATH
  • CityStephenville
  • NeighborhoodCity Add
  • Zip76401
  • StyleMUL-Apartment/5Plex+
  • Year Built1920
  • Taxes6622
  • Price$ 575,000
  • Bedrooms12
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage5400
  • Lot Size10,803 SqFt
Listing Provided Courtesy Of:
Roger Smeltzer with Vision Commercial Real Estate
Property Description

Vision Commercial Real Estate is pleased to present the opportunity to acquire 216 S. Devine Street, located less than one mile from Tarleton State University. Originally built as a Single-Family dwelling in 1920, the property was converted to a 10-unit apartment complex in the mid 1980’s. Each residential unit is equipped with their own electric meter, PTAC cooling system, and individual hot water heaters. The property is currently stabilized at 100% occupancy, with current rents averaging $75-$100 below market comps. This asset provides an investor with positive cash-flow from day-one along with the ability to substantially increase the NOI through continuing interior renovations.

Middle School High School
Stephenvil Middle School Stephenvil High School
Price History
9/3/2019 Listed $575,000

General Features

# of Buildings 1
Block 35
Complex Name 216 Devine
HOA Type None
Listing Area ERATH COUNTY (78)
Lot Number 2
Other Equipment Cooktop - Electric, Dishwasher, Disposal, Oven-Electric, Refrigerator
Property Type Multi-Family
Proposed Financing Cash
School District Stephenville ISD
School Name Stephenvil
Stories 2
Subdivision City Add
Type MUL-Apartment/5Plex+
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14176300
Year Built 1920
Year Built Details Preowned

Interior Features

# of Units 10
Heating Panel/Floor/Wall, Window Unit
Interior Features Cable TV Available
Sqft Building 5400
Total Bedrooms 12
Unit Count 2
Utilities City Sewer, City Water, Master Gas Meter, Master Water Meter

Exterior Features

Construction Materials Frame/Brick Trim, Wood
Foundation Pier & Beam
Lot Size Area 0.248
Lot Size Area (acres) 0.248
Lot Size Area (sq Ft) 10802
Lot Size Units Acres
Number Of Parking Spaces 14
Parking Features Common Lot


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 76401

AVG $1.54M
AVG $12,305
AVG 214
Year Built
AVG 1968
AVG 48
Data Provided by Walkscore ® not using MLS data

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