Address
402 S Garrett Court, Stephenville, TX
Price
$ 2,673,000
Property Attributes
  • MLS#20436769
  • TypeMulti-Family
  • CountyERATH
  • CityStephenville
  • NeighborhoodSouth Side Add
  • Zip76401
  • StyleMultiple Single Units
  • Year Built2022
  • Taxes$ 10726
  • Price$ 2,673,000
  • Bedrooms27
  • Full Bathrooms9
  • Half Bathrooms0
  • Lot Size0.993 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Newly built in summer 2023, this collection of nine townhomes offers a modern living experience close to Tarleton University. Each 3-bed, 3-bath unit boasts an open-concept living, dining, and kitchen area with stainless steel appliances and granite countertops. The ground floor is accentuated with durable stained concrete, while the upper rooms and laundry area feature wood-like vinyl flooring. Primarily rented by individual room, each townhome has a private backyard and covered porch, ideal for pets. Located in a peaceful neighborhood perfect for walks and runs, it presents a prime investment with its proximity to university life and contemporary design. This property has been 100% occupied even with rent increases due to the lack of housing in Stephenville. The location that this one has to the university ensures it's popularity.

Elementary School
Central Elementary School
Price History
9/22/2023 Listed $1,800,873

General Features

Heating Central,Electric
Complex Name Garrett Court
Cooling Central Air,Electric
Utilities City Sewer,City Water,Electricity Connected
Possession Negotiable
Roof Composition
Appliances Dishwasher,Disposal,Electric Range,Electric Water Heater,Microwave,Refrigerator,Washer
School District Stephenville ISD
Capitalization Rate 5.98
Year Built 2022
Tenancy 6 Months or Less,No Smoking
Levels Two
Unexempt Taxes 10726
Will Subdivide No
Gross Annual Expenses 81600.00
Property SubType Multiple Single Units
Subdivision Name South Side Add
Insurance Expense 11000
County Erath
Property Type Residential Income
Construction Materials Frame,Stone Veneer,Wood
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions From Lillian go West on Long and turn left on 5th. The townhomes are at the corner of 5th and Swan.
City Stephenville
Buyer Agent Compensation 3
Elementary School Name Central
High School Stephenvil
Street Name Garrett
Elementary School Central
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20436769
Standard Status Active
Junior High School Stephenvil
Buyer Agent Compensation Type %

Interior Features

Interior Features Granite Counters,Open Floorplan,Other
Flooring Concrete,Laminate
Total Units 9
Unit Count 9
Lock Box Type None
Street Suffix Court
Total Bedrooms 27

Exterior Features

Parking Features Common,Concrete
Foundation Slab
Lot Size Area 0.9930
Number Of Parking Spaces 28
Lot Size Units Acres
Building Area Total 0.00
Lot Size Square Feet 43255.0800
Lot Size Acres 0.9930

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 76401

Price
AVG $2.56M
$2.67M
Taxes
AVG $15,914
$10,726
Visits
AVG 167
194
Data Provided by Inside Real Estate®
Year Built
AVG 2018
2022

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