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Stephenville, TX 76401
  • 7 Beds
  • 6 Baths
  • 4 Garage
$880,000

About this home

INVESTMENT OPPORTUNITY AT 130 & 132 CLARK LANE

Exceptional opportunity to acquire an income-producing duplex in The Terraces at Clark Lane in Stephenville, Texas. Built in 2025, this tenant-occupied investment property generates $6,850 in combined monthly rental income, totaling $82,200 in annual gross scheduled rent.

IN-PLACE RENTAL INCOME

130 Clark Lane: $3,350 per month, Unfurnished, Lease expiration: 5-14-2027

132 Clark Lane: $3,500 per month, Furnished, Lease expiration: 7-31-2028

Combined Monthly Rental Income: $6,850

Annual Gross Scheduled Rental Income: $82,200

Annual Net Operating Income: $58,832

Located near Tarleton State University, this property offers investors access to Stephenville's university-oriented rental market, with potential demand from students seeking off-campus housing and university faculty and staff. Its location provides an opportunity to invest in a market supported by the presence of an established university and its surrounding community.

Built in 2025, the property offers approximately 4,350 square feet combined, with each unit featuring an open floor plan, double sinks in all full bathrooms, a fenced back porch, and a two-car garage. Unit 132 is furnished, offering flexibility for furnished rental strategies, while Unit 130 is leased unfurnished.

130 and 132 Clark Lane are being offered together as one investment property and will not be sold separately. Buyers should independently verify lease terms, rental income, operating expenses, and other property-related expenses during due diligence.

Overview

Full Baths
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Half Baths
2
Bathrooms
6
Bedrooms
7
Building Area
4850
Levels
Two
Living Area
0
Lot Size (Acres)
0.12
Property Subtype
Duplex
Property Type
Residential Income
Status
Active
Year Built
2025

Interior

Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air, Ceiling Fan(s)
Fireplaces
0
Flooring
Carpet, Luxury Vinyl Plank, Tile
Heating
Electric
Interior Features
Decorative/Designer Lighting Fixtures, Double Vanity, Kitchen Island, Open Floorplan, Walk-In Closet(s)

Exterior & Construction

Construction
Frame, Rock, Stone, Stone Veneer
Foundation
Slab
Roof
Composition

Parking

Covered Parking
0
Garage Spaces
4

Location & Area

City
Stephenville
County
Erath
School District
Stephenville ISD
ZIP Code
76401
State
TX
Subdivision
The Terraces of Clark Lane

Financial

HOA Fee
150
HOA Fee Frequency
Monthly
Price
880000

Utilities

Sewer
Public Sewer
Utilities
Electricity Connected, Sewer Available, Water Available

Listing Details

Listing Agent
Tristan Maynard
Listing Office
Keller Williams Frisco Stars
MLS #
21416367

Listing agents

Listing AgentTristan MaynardKeller Williams Frisco Stars

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