1450 Lincoln Dr, Stephenville, TX 76401

$950,000
: 11
BD
: 6
BA

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List Price: $950,000
MLS#: 21266459
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1987
Construction Status: Preowned
Bedrooms: 11
Full Baths: 6
Acres: 5
County: Erath
City: Stephenville
Subdivision: Springfield Park #11
Building Name: 1450 Lincoln Dr.

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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.

(469) 797-4003

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Additional Information

Unexempt Taxes: $9,737
Amenities: Fireplace
Lot Size: 217,800
Acres: 5
Lot Description: Cleared, Few Trees
Interior Features: Decorative Designer Lighting Fixtures, Eat-In Kitchen
Flooring: Concrete, Vinyl, Other, Vinyl
Foundation: Pillar/Post/Pier, Slab
Roof: Metal, Shingle
Stories: 1
Pool Features: None
Fireplaces: 1
Fireplace Type: Decorative, Other, Wood Burning
Exterior: Deck, Other
Carport Spaces: 2
Parking Garage: Common, Carport, On Site
School District: Stephenville Isd
Elementary School: Central
High School: Stephenvil
Possession: CloseOfEscrow