632 N Ollie St, Stephenville, TX 76401
- $179,000
- 2
- BD
- 1
- BA
- List Price
- $179,000
- MLS#
- 21247901
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1947
- Construction Status
- Preowned
- Bedrooms
- 2
- Full Baths
- 1
- Acres
- 0.12
- County
- Erath
- City
- Stephenville
- Subdivision
- College Heights
Property Description
Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.
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Additional Information
- Unexempt Taxes
- $1,723
- Lot Size
- 5,227
- Acres
- 0.12
- Lot Description
- Irregular Lot
- Interior Features
- Eat-In Kitchen, Granite Counters, High Speed Internet
- Flooring
- Vinyl
- Foundation
- Pillar/Post/Pier
- Roof
- Asphalt
- Stories
- 1
- Pool Features
- None
- Exterior
- Fire Pit, Storage
- Parking Garage
- Driveway
- School District
- Stephenville Isd
- Elementary School
- Chamberlai
- Middle School
- Gilbert, Stephenvil
- High School
- Stephenvil
- Possession
- SubjectToTenantRights
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Listing courtesy of Eric Hayden from Ebby Halliday Realtors. Contact: (254) 965-7653