290 South McIlhaney Street

Stephenville, TX 76401

$5,200,000
Price
44
Beds
20,250 Sq. Ft.
$257 / Sq. Ft.
20,250
Sq. Ft.
$257
per Sq. Ft.

Description

This is a great investment opportunity, completed and rented May in 2022, These units are fully furnished student housing with beds, desks, couches, flatscreen TV's, and washer,dryers, designed for the student that wants more personal space. Conveniently located within 1 walking block of the Campus. There are 44 doors in the 3 buildings, 4- 1br-1ba efficiencies, 8- 2br-2b, 8- 3br-3ba. Each bedroom has it's on bathroom, The shared common area is the Living, Dining, laundry, and kitchen. There is a...This is a great investment opportunity, completed and rented May in 2022, These units are fully furnished student housing with beds, desks, couches, flatscreen TV's, and washer,dryers, designed for the student that wants more personal space. Conveniently located within 1 walking block of the Campus. There are 44 doors in the 3 buildings, 4- 1br-1ba efficiencies, 8- 2br-2b, 8- 3br-3ba. Each bedroom has it's on bathroom, The shared common area is the Living, Dining, laundry, and kitchen. There is a fence dog park on the property, All tenants have private parking available, as well as wifi, and Utilities are included with a usage cap. Manager does not live on site. All buyers must show qualified lending approval before showing and with Accepted offer all financial documents will be provided.
  1. Listed by RITA FREELS • TREC #0452138 • RITA FREELS REALTY • 254-485-1118

Property Details for 290 South McIlhaney Street

Subdivision Name
City Add
Pool
No
Garage Spaces
0
Number Of Parking Spaces
40
Lot Size Dimensions
162 x 258

Location

Listing Courtesy of RITA FREELS REALTY, RITA FREELS
Add your commute
LISTING UPDATED: 09/29/2023 01:33 PM

Property Details for 290 South McIlhaney Street

StatusActive
MLS #20344182
Days on Market230
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built2022
Lot Size0.92 AC / 40,249 SF
CountyErath County

Location

Listing Courtesy of RITA FREELS REALTY, RITA FREELS
Add your commute

Building Information for 290 South McIlhaney Street

Stories2Residences20Year Built2022Building Size-Lot Size0.92 AC / 40,249 SF

Payment Calculator

$31,485 per month

30 year fixed, 7.25% Interest

Principal and Interest

$28,379

Property Taxes

$3,106

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 290 South McIlhaney Street

Summary
Location and General Information
  • Block: 134
  • Community Features: Curbs, Other
  • Complex Name: Texan Town Village
  • Directions: It will Map 1 block off Washington across from TSU
  • Elementary School: Central
  • Elementary School Name: Central
  • High School: Stephenvil
  • High School Name: Stephenvil
  • Intermediate School: Gilbert
  • Junior High School: Stephenvil
  • Year Built Details: New Construction - Complete
  • School District: Stephenville ISD
  • Geocode Confidence: High
  • Latitude: 32.21
  • Longitude: -98.21
  • State: Texas
Parking
  • Parking Features: Asphalt, Common, Lighted, Parking Lot, Paved, Permit Required, Private, Unassigned
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: ACRES: 0.924 S2600 CITY ADDITION; BLOCK 134;
  • Association Type: None
  • Special Taxing Entities: Yes
  • Tax Lot: 14R
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Ceramic Tile, Luxury Vinyl Plank
  • Heating: Central, Electric, ENERGY STAR Qualified Equipment
  • Interior Features: Cable TV Available, Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Open Floorplan, Pantry, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan, Washer
  • Cooling: Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment, Multi Units
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Plans
  • Construction Materials: Brick, Concrete, Fiber Cement
  • Exterior Features: Dog Run
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Asphalt
  • Waterfront: No
  • Number Of Units Total: 20
  • Patio And Porch Features: Covered, Front Porch
  • Levels: Two
Property
Utilities
  • Green Energy Efficient: Drought Tolerant Plants
  • Utilities: All Weather Road, Asphalt, City Sewer, City Water, Curbs, Electricity Connected, Individual Water Meter, Sidewalk, Underground Utilities
Property and Assessments
  • Accessibility Features: Smart Technology
  • Financing Proposed: 1031 Exchange, Cash, Contact Agent, Contract, Conventional, Other
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Security Lights, Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Features: Few Trees, Landscaped
  • Lot Size: .5 to < 1 Acre
  • Lot Size Acres: 0.924
  • Lot Size Area: 0.924
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Lot Size Square Feet: 40249.44
  • Multi Parcel ID: No
  • Parcel Number: R000030261
Green Features
  • Green Landscaping: Native Landscape
Multi Family
Multi-Family Information
  • Number Of Buildings: 3
  • Capitalization Rate: 6.10%
  • Gross Annual Expenses: $70,000
  • Gross Annual Income: $407,220
  • Insurance Expense: $20,000
  • Tenancy: Lease While on Market, No Smoking, No Waterbeds, Over 9 Months, Pets Allowed
  • Total Annual Expenses Include: Accounting, Capital Improvements, Maintenance, Manager, Professional Management, Utilities, Vacancy Allowance, Water/Sewer
  • Net Operation Income: $317,220.00
Unit 1
  • Average Lease Amount: $995.00
  • Dining Area Length: 99.0
  • Dining Area Width: 99.0
  • Kitchen Length: 99.0
  • Kitchen Width: 99.0
  • Living Area Length: 99.0
  • Living Area Width: 99.0
  • Master Bed Length: 99.0
  • Master Bed Width: 99.0
  • Number Of Baths Full: 1
  • Unit Type Type: Efficiency
  • Unit Type Units Total: 4
Unit 2
  • Average Lease Amount: $1,600.00
  • Dining Area Length: 99.0
  • Dining Area Width: 99.0
  • Kitchen Length: 99.0
  • Kitchen Width: 99.0
  • Living Area Length: 99.0
  • Living Area Width: 99.0
  • Master Bed Length: 99.0
  • Master Bed Width: 99.0
  • Number Of Baths Full: 2
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 8
Unit 3
  • Average Lease Amount: $2,100.00
  • Dining Area Length: 99.0
  • Dining Area Width: 99.0
  • Kitchen Length: 99.0
  • Kitchen Width: 99.0
  • Living Area Length: 99.0
  • Living Area Width: 99.0
  • Master Bed Length: 99.0
  • Master Bed Width: 99.0
  • Number Of Baths Full: 3
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 8

Property History for 290 South McIlhaney Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 290 South McIlhaney Street

Taxable ValueLand$321,980Additions$1,781,100Total$2,103,080
Tax Record2023$37,268 ($3,106 / month)
Home Facts
Total Finished SqFt20,052 SqFtAbove Grade Finished SqFt20,052 SqFtStories1Lot Size40,249 SqFtStyleMulti-Family Dwelling (2-4)Year Built2021CountyERATHAPNR000030261

Schools near 290 South McIlhaney Street

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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Similar Sold Homes

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290 South McIlhaney Street is a multi-family home for sale in Stephenville, TX 76401. This property was listed for sale on September 11, 2023 by RITA FREELS REALTY, it's currently listed at $5,200,000. It has been on the market for a total of 230 days and was last sold on February 5, 2020. This listing's school district is Stephenville Independent School District. Nearby schools include Chamberlin Elementary School, Hook Elementary School and Gilbert Intermediate School. 290 South McIlhaney Street is a 44-bed, 0-bath, 20,250 sqft multi-family home built in 2022.

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 RITA FREELS REALTY, RITA FREELS

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: 09/29/2023 01:33 PM