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120 Bunkhouse Road, Stephenville, TX 76401
$4,450,000
120 Bunkhouse Road, Stephenville, TX 76401View this property at 120 Bunkhouse Road, Stephenville, TX 76401
120 Bunkhouse RoadStephenvilleTX76401
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Property Description
Located in the thriving heart of Stephenville, known for its dynamic rodeo scene and vibrant college life, 120 Bunkhouse Rd. stands as a premier investment opportunity. This meticulously maintained property features 19 high-quality lodging units and 40 fully upgraded horse stalls, complemented by a professional-grade, lighted arena-perfectly aligning with the local lifestyle. Additionally, it boasts six full-service RV spaces, a complete laundry facility, a modern conference room, and fully equipped office spaces. All rental spaces are currently fully occupied, ensuring a steady and robust revenue stream. These amenities not only enhance the property's appeal but also ensure it is a turnkey solution with immediate revenue generation. This property has a strong existing tenant base and potential for further expansion due to wait list. This property promises substantial cash flow and represents a compelling investment for those seeking a stable, high-yield asset in a lively market.
Full Property Details
Full Property Details for 120 Bunkhouse Rd
General
- Price: $4,450,000
- Taxes: $27,491
- Status: Active
- Type: Business
- MLS ID: 20582453
- Updated: 5/9/2024
- Added to Site: 37 day(s) ago
Business
- Business Type: Animal Grooming, Bed & Breakfast, Hotel/Motel, Hospit
Interior
- Flooring: Concrete
Parking
- Parking Features: Open, Outside, Parking Lot
Location
- County: Erath
- Subdivision: na
- Driving Directions: Follow GPS for directions
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Central
Structural Information
- Detached/Attached: Detached
- Construction: Metal Siding, Rock, Stone
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 16,110
- Sq. Ft. Source: Other
- Year Built: 2015
Lot Features
- Lot Size (Acres): 6.261
- Lot Size (Sq. Ft.): 272,729.16
- Lot Size Source: Assessor
- Zoning: Commercial
Financial Considerations
- Tax Amount: $27,491
- Tenant Pays: None
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Standard
- Legal Description: ACRES: 6.261 A0683 SIMS WILLIAM; & APARTMENTS
- Inclusions: Business, Land & Improvements
- Property ID: R000075446
- Block: 21
Listed by Texas Legacy Realty, Jennifer Birkle and Texas Legacy Realty, Matt Birkle
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Schools
Schools serving 120 Bunkhouse Rd
School District:Stephenville
Rating | Name | Grades | Distance |
---|---|---|---|
Central Elementary School, Stephenville, TX
780 W Washington St, Stephenville, TX 76401 | PK-PK | 2.2 mi | |
1067 W Jones St, Stephenville, TX 76401 | 3-4 | 2.5 mi | |
Chamberlin Elementary School
1601 W Frey St, Stephenville, TX 76401 | 1-2 | 3 mi | |
2798 W Frey St, Stephenville, TX 76401 | 7-9 | 4.1 mi | |
2650 W Overhill Dr, Stephenville, TX 76401 | 9-12 | 3.8 mi | |
950 N Dale Ave, Stephenville, TX 76401 | 5-6 | 3.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 Bunkhouse Rd
Date
Details
Price
Change
Source
4/17/2024
Listed
$4,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 120 Bunkhouse Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$27,491
-12%
$1,985,100
—
2022
$31,099
17%
$1,985,100
23%
2021
$26,477
3%
$1,618,230
6%
2020
$25,614
-4%
$1,528,540
—
2019
$26,571
-1%
$1,528,540
-2%
2017
$26,707
10%
$1,557,080
10%
2016
$24,200
—
$1,410,160
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120 Bunkhouse Rd
120 Bunkhouse Road, Stephenville, TX 76401 (MLS# 20582453) is a Business property. 120 Bunkhouse Road is currently listed for $4,450,000 and was received on April 17, 2024. Want to learn more about 120 Bunkhouse Road? Do you have questions about finding other Business real estate for sale in Stephenville? You can browse all Stephenville real estate or contact a Coldwell Banker agent to request more information.