Welcome to 216 S. Devine in Stephenville, home to Tarleton State University and Division 1 Sports. The property started as a single family residence in the 1920's and was converted to a 10 unit apartment complex in the 1980's. The property is a couple blocks from downtown and with a mile of campus. Each unit has its own electric and AC unit with centralized hot water heating. The rents are below market rates and the Seller projects a 7.3% cap rate for this cash flow positive property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
