120 Bunkhouse Road

Stephenville, TX 76401

$4,450,000
Price
Beds
21
Baths
16,110 Sq. Ft.
$276 / Sq. Ft.
16,110
Sq. Ft.
$276
per Sq. Ft.

Description

Located in the thriving heart of Stephenville, known for its dynamic rodeo scene and vibrant college life, 120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena—perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped...Located in the thriving heart of Stephenville, known for its dynamic rodeo scene and vibrant college life, 120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena—perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped office spaces. All rental spaces are currently fully occupied, ensuring a steady and robust revenue stream. These amenities not only enhance the property’s appeal but also ensure it is a turnkey solution with immediate revenue generation. This property has a strong existing tenant base and potential for further expansion due to wait list. This property promises substantial cash flow and represents a compelling investment for those seeking a stable, high-yield asset in a lively market.
  1. Listed by Jennifer Birkle • TREC #0727967 • Texas Legacy Realty • 817-312-9545
  2. Listed by Matt Birkle • TREC #0727968 • Texas Legacy Realty

Property Details for 120 Bunkhouse Road

Subdivision Name
na
Pool
No
Garage Spaces
0
Number Of Parking Spaces
30

Location

Listing Courtesy of Texas Legacy Realty, Jennifer Birkle; Texas Legacy Realty, Matt Birkle
Add your commute
LISTING UPDATED: 05/09/2024 12:09 PM

Property Details for 120 Bunkhouse Road

StatusActive
MLS #20601224
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built2015
Lot Size6.26 AC / 272,729 SF
CountyErath County

Location

Listing Courtesy of Texas Legacy Realty, Jennifer Birkle; Texas Legacy Realty, Matt Birkle
Add your commute

Building Information for 120 Bunkhouse Road

Stories1Residences19Year Built2015Building Size-Lot Size6.26 AC / 272,729 SF

Payment Calculator

$26,576 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,285

Property Taxes

$2,291

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 120 Bunkhouse Road

Summary
Location and General Information
  • Block: 21
  • Complex Name: 120 Bunkhouse Rd
  • Directions: Follow GPS for directions
  • Elementary School: Central
  • Elementary School Name: Central
  • High School: Stephenvil
  • High School Name: Stephenvil
  • Intermediate School: Gilbert
  • Junior High School: Stephenvil
  • Year Built Details: Preowned
  • School District: Stephenville ISD
  • Geocode Confidence: Medium
  • Latitude: 32.23
  • Longitude: -98.17
  • State: Texas
Parking
  • Parking Features: Asphalt, Open, Outside, Parking Lot
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: ACRES: 6.261 A0683 SIMS WILLIAM; & APARTMENTS
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Concrete
  • Heating: Central
  • Interior Features: Decorative Lighting
  • Appliances: Dishwasher
  • Basement: No
  • Cooling: Ceiling Fan(s), Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Other
  • Construction Materials: Metal Siding, Rock/Stone
  • Exterior Features: Covered Patio/Porch, RV Hookup, RV/Boat Parking, Stable/Barn, Storage
  • Fencing: Barbed Wire, Gate, Pipe
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Metal
  • Horse Permitted: Yes
  • Number Of Units Total: 19
  • Levels: One
Property
Utilities
  • Utilities: Community Mailbox
Property and Assessments
  • Accessory Unit Type: Other
  • Accessory Unit: Yes
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Acreage
  • Lot Size: 5 to < 10 Acres
  • Lot Size Acres: 6.261
  • Lot Size Area: 6.261
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Lot Size Square Feet: 272729.16
  • Multi Parcel ID: No
  • Parcel Number: R000075446
Multi Family
Multi-Family Information
  • Number Of Buildings: 7
  • Capitalization Rate: 9.02%
  • Gross Annual Expenses: $80,000
  • Gross Annual Income: $481,400
  • Insurance Expense: $0
  • Total Annual Expenses Include: Insurance, Maintenance, Maintenance Grounds, Maintenance Structure, Utilities
  • Net Operation Income: $401,400.00
Unit 1
  • Average Lease Amount: $1,450.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 19

Property History for 120 Bunkhouse Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Bunkhouse Road

Taxable ValueLand$409,090Additions$1,576,010Total$1,985,100
Tax Record2023$27,491 ($2,291 / month)
Home Facts
Total Finished SqFt17,836 SqFtAbove Grade Finished SqFt17,836 SqFtLot Size272,729 SqFtStyleMulti-Family Dwelling (2-4)Year Built2015CountyERATHAPNR000075446

Schools near 120 Bunkhouse Road

This home is within Stephenville Independent School District.
Rating
School
Type
Grades
Distance
Public - 1 to 2
Public - 3 to 4
Public - 5 to 6
Public - 7 to 8
Rating
School
Distance
Chamberlin Elementary School
Public1 to 2

Hook Elementary School
Public3 to 4

Gilbert Intermediate School
Public5 to 6

Henderson Junior High School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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120 Bunkhouse Road is a multi-family home for sale in Stephenville, TX 76401. This property was listed for sale on May 4, 2024 by Texas Legacy Realty, it's currently listed at $4,450,000. This listing's school district is Stephenville Independent School District. Nearby schools include Chamberlin Elementary School, Hook Elementary School and Gilbert Intermediate School. 120 Bunkhouse Road is a 0-bed, 21-bath, 16,110 sqft multi-family home built in 2015.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Texas Legacy Realty, Jennifer Birkle; Texas Legacy Realty, Matt Birkle

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 05/09/2024 12:09 PM