7 Beds
6 Baths
5,227 Sqft Lot
7 Beds
6 Baths
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision The Terraces Of Clark Lane
MLS Listing ID 21416367
Bedrooms 7
Full Baths 4
Half Baths 2
HOA Fees $150/mo
HOA Y/N Mandatory
Total Fin. Sqft 4850
Year Built 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
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.
Location
State TX
County Erath
Direction Drive east on Washington St from the downtown Stephenville Square, turn left on Clark Lane, property is on the left.
Interior
Interior Features Decorative Lighting, Double Vanity, Kitchen Island, Open Floorplan, Walk-In Closet(s)
Heating Electric
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Luxury Vinyl Plank, Tile
Appliance Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Heat Source Electric
Exterior
Garage Spaces 4.0
Fence Metal
Utilities Available City Sewer, City Water, Electricity Connected
Roof Type Composition
Garage Yes
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Frame,Rock/Stone,Stone Veneer
Schools
High Schools Stephenvil
School District Stephenville Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21416367
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