UPDATED:
Key Details
Property Type Single Family Home
Sub Type Farm/Ranch
Listing Status Active
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $513
Subdivision Na
MLS Listing ID 20823128
Style Ranch
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N None
Year Built 1983
Lot Size 15.000 Acres
Acres 15.0
Property Sub-Type Farm/Ranch
Property Description
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!
Location
State TX
County Erath
Direction 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.
Rooms
Dining Room 1
Interior
Interior Features Built-in Features, Granite Counters, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
Heating Central, Propane
Cooling Central Air, Electric
Flooring Laminate, Simulated Wood, Vinyl
Fireplaces Number 1
Fireplaces Type Decorative, Den, Masonry, Stone, Wood Burning
Appliance Dishwasher, Electric Oven, Gas Cooktop
Heat Source Central, Propane
Exterior
Carport Spaces 2
Pool In Ground
Utilities Available Co-op Electric, Gravel/Rock, Overhead Utilities, Septic, Well
Roof Type Asphalt,Metal
Street Surface Gravel
Total Parking Spaces 2
Garage No
Private Pool 1
Building
Lot Description Acreage, Agricultural, Few Trees
Story One
Foundation Slab
Level or Stories One
Structure Type Rock/Stone,Steel Siding,Stone Veneer
Schools
Elementary Schools Central
High Schools Stephenvil
School District Stephenville Isd
Others
Ownership Of Record
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20823128
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As a resident of the Lakewood/East Dallas community Marissa can provide personal insight into our neighborhood. As a native of Dallas, Marissa attended SMU to obtain her business degree from the Cox School of Business, after 10 years in corporate America her experience in negotiating with International firms transfers directly into her real estate business. High Integrity, honesty, and a passion for people make working with Marissa a delight. As a by-referral realtor Marissa is 100% committed to you and your real estate goals. Marissa has extensive sales knowledge in various areas of the metroplex including, but not limited to Lakewood, Preston Hollow, Park Cities, Hollywood Heights, M Streets, and Lake Highlands.