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693 County Road 501 Stephenville, TX $ 1,295,000
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$ 1,295,000 Get more info
693 County Road 501
$ 1,295,000
Back to search
Share Save

693 County Road 501

Stephenville, TX, 76401
$ 1,295,000
Bedrooms8 Baths5.1

Monthly Estimate*

$ 8,079

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Multi-Family Home for sale in Stephenville, TX

for $1,295,000 with 8 bedrooms and 5 full baths, 1 half bath. This home was built in 1983 on a lot size of 15.

Every once in a while and opportunity like this presents it's...don't let this one get away! Exceptional income-producing horse property, just 5 minutes from Stephenville! Spanning approximately 15.1± acres (to be surveyed), this beautiful property features a newly remodeled 2,520 sq. ft. 4 bed and 2.5 bath main home complete with an inground swimming pool. Ready for the horse enthusiasts, the property boasts a lighted arena with a return alley and stock holding pens. Adjacent to the main home, you'll find three apartments, 5 full RV hookups, and six horse stalls with pipe-fenced turnouts. Additional amenities include turnouts with sheds able to accommodate up to 24 additional horses, and a large, approximately 100'x50' commodity barn with covered working pens and tack rooms. Rental income from one 2-1 rental unit and two 1-1 rental unit that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The 5 RV spaces are consistently rented and provide steady income. This property offers endless possibilities: live comfortably in the main house while generating income from the apartments and stalls, or enjoy it all to yourself. Opportunities like this are rare, don’t let it slip away!

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Multi-Family Contingent

Price

$ 1,295,000

Bedrooms

8

Full Bath

5

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Multiple Single Units

Lot Size

15

Year Built

1983

Town/City

Stephenville

County/Region

Erath

MLS | Web ID

20821997
Features
Interior
Interior Features Built-in Features High Speed Internet Available Pantry Vaulted Ceiling(s) Walk-In Closet(s)
Flooring Laminate Simulated Wood Vinyl
Total Units 4
Half Baths 1
Total Bedrooms 8
Total Baths 6
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General
Heating Central Propane
Complex Name NA
Cooling Central Air Electric
Utilities Co-op Electric Gravel/Rock Septic Well
Possession Closing/Funding
Roof Asphalt Metal
Appliances Dishwasher Electric Oven Gas Cooktop
School District Stephenville ISD
Pool Y/N 1
Exclusions Hay and feed in barns
Year Built 1983
Levels One
Property Subtype Multiple Single Units
Subdivision Name NA
Occupant Type Tenant
County Erath
Property Type Residential Income
Construction Materials Rock/Stone Steel Siding Stone Veneer
Year Built Details Preowned
HOA Type None
# of Buildings 4
Full Baths 5
Status Active KO
Directions From the corner of the South Loop and Lillian take Lillian St. south to CR 256. Turn right on to CR 501. CR 501 dead ends at the property gate.
City Stephenville
Elementary School Name Central
High School Stephenvil
Elementary School Central
Standard Status Active Under Contract
Junior High School Stephenvil
Listing Terms Cash Conventional
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Exterior
Waterfront 0
Lot Features Acreage
Lot Size Source Estimated
Parking Features Attached Carport Common Gravel
Lot Size 10 to < 50 Acres
Foundation Slab
Building Area Total 2520.00
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Internal Only
Street Number 1 693
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* Excluded Features
List By
Clinton Mckeehan

Listing Agent

Keller Williams Brazos West

Broker

Affordability Calculator

$8,079
Per Month
100%
0%
0%
Monthly Principal & Interest
$8,079
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
285837 Elementary School
3672383 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/21/2025 $1,295,000 Listed Price

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693 County Road 501, Stephenville, TX, 76401 is a Multi-Family Home for sale at $1,295,000 with a lot size of 15. 693 County Road 501 has 8 bedrooms, 5.1 baths, and was built in 1983. The property's zip code is 76401 which is in Stephenville, TX

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