693 County Road 501, Stephenville

$1,295,000

8 Beds
5.1 Baths
0 Sqft
15 Acres
0 Garages

Every once in a while and opportunity like this presents it's...don't let this one get away! Exceptional income-producing horse property, just 5 minutes from Stephenville! Spanning approximately 15.1± acres (to be surveyed), this beautiful property features a newly remodeled 2,520 sq. ft. 4 bed and 2.5 bath main home complete with an inground swimming pool.

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!

Essential Information
MLS® #20821997
Price$1,295,000
Bedrooms8
Bathrooms5.10
Full Baths5
Half Baths1
Acres15.00
Year Built1983
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address693 County Road 501
SubdivisionNA
CityStephenville
CountyErath
StateTX
Zip Code76401
Amenities
Has PoolYes
Utilities

Co-op Electric, Gravel/Rock, Septic, Well

Garages

Attached Carport, Common, Gravel

Interior
HeatingCentral, Propane
Interior Features

Built-in Features, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior
Lot DescriptionAcreage
RoofAsphalt, Metal
FoundationSlab
Construction

Rock/Stone, Steel Siding, Stone Veneer

School Information
DistrictStephenville ISD
ElementaryCentral
HighStephenvil
Listing Details
AgentClinton Mckeehan
OfficeCLARK REAL ESTATE GROUP

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Listing information last updated on January 30th, 2025 at 12:19pm CST.

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