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.
| MLS # | 21247901 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 129 |
| Listing Provided By | Ebby Halliday Realtors | Eric Hayden |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.12 |
| Cooling | Central Air, Electric, Wall/Window Unit(s) |
|---|---|
| Heating | Central, Electric |
| Interior Features | Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available |
| Appliances | Electric Range |
| Exterior Features | Fire Pit, Storage |
|---|---|
| Roof | Asphalt |
| Construction Materials | Siding |
| Foundation Details | Pillar/Post/Pier |
| Lot Features | Interior Lot |
| Parking Features | Driveway |
|---|
| Utilities | City Sewer, City Water |
|---|
| Unexempt Taxes | 1723 |
|---|---|
| Tax Lot | 19 |
| Tax Block | 11 |
| Tax Legal Description | S2800 COLLEGE HEIGHTS; BLOCK 11; LOT 19 |
| State | TX |
|---|---|
| County | Erath |
| City | Stephenville |
| Zip Code | 76401 |
| Area | Erath |
| Community Name | College Heights |
| School District | Stephenville ISD |
| Elementary School | Chamberlai |
| High School | Stephenvil |
| Listing VS Median (in College Heights) | |
Price: $179,000 low | high Med: $199,000 On site: 129 low | high Med: 202 | |
| State | TX |
|---|---|
| County | Erath |
| City | Stephenville |
| Zip Code | 76401 |
| Area | Erath |
| Community Name | College Heights |
| School District | Stephenville ISD |
| Elementary School | Chamberlai |
| High School | Stephenvil |
| Listing VS Median (in College Heights) | |
Price: $179,000 low | high Med: $199,000 On site: 129 low | high Med: 202 | |