Improved Land for Sale in Stephenville, Texas
County Road 392, Stephenville, TX 76401
Turnkey income producing rental property now available for the first time and ready for a new owner to expand on its potential. The property fronts paved county road 392, just south of Lingleville, west of Stephenville, and North of Dublin in the productive cattle and horse country. Highlights of this multi-dimensional property include a 11 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and a set of duplexes. The mobile homes have been very well cared for, updated and maintained regularly, and currently being re-sided with matching metal. Horse facilities consist of 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena. Contact our team for additional information and details. A full packet is available upon request to Brokers, Agents and qualified buyers.
Location
- Street address
- County Road 392
- County
- Erath County
- Community
- Wilson
- Elevation
- 1,490 feet
Directions
From HWY 8 west of Stephenville, turn west on CR 392, and go 2.9 miles. The Property is on the left past CR 383.
From FM 219 south of Lingleville, turn east on CR 392 and go .75 mile. The property will be on the right (south side).
Property details
- Acreage
- 17.5 acres
- MLS #
- NTREIS 20964856
- Posted
Parcels
- R000014828
Resources
Details and features
Listing
- Type
- Residential Multi Family
- Franchise
- Keller Williams Realty
Exterior
- Parking Spaces
- 30
- Fencing
- Fenced
- Structures
- Barn(s), Stable(s)
- Features
- Fence, Stable/Barn
Structure
- Heating
- Central
- Cooling
- Central Air
- Materials
- Metal Siding
- Roof
- Metal
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Linglevill | Elementary | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 11, 2025 | New listing | $2,000,000 | — | NTREIS |