Cowboy Corner | 8441 County Road 176
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Cowboy Corner 8441 County Road 176
10 Unit Apartment Building $3,543,675 CAD ($354,367 CAD/Unit) 4.49% Cap Rate Stephenville, TX 76401
Investment Highlights
- Fully Occupied Apartment Complex
- Close to Tarleton State University
- Across from 377 Arena
Executive Summary
Prime investment opportunity in Stephenville, the Cowboy Capital of the World! This fully occupied property features 10 apartments, 8 RV hookups, 20 horse stalls with runs, 15 covered pens, and 4 large traps. The standout feature is a roping arena, offering a unique bonus for tenants. Situated just across from the popular 377 Arena, this property boasts excellent exposure to the thriving local equine community. With the largest incoming class at Tarleton State University in 2024 fueling a housing shortage, there's significant potential to raise rents on both the apartments and equine facilities. Don’t miss this chance to invest in a property with built-in demand and future growth opportunities.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,543,675 CAD | Apartment Style | Low Rise |
| Price Per Unit | $354,367 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 6.60 AC |
| Cap Rate | 4.49% | Building Size | 6,098 SF |
| Gross Rent Multiplier | 14.24 | No. Stories | 2 |
| No. Units | 10 | Year Built | 2011 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $3,543,675 CAD |
| Price Per Unit | $354,367 CAD |
| Sale Type | Investment |
| Cap Rate | 4.49% |
| Gross Rent Multiplier | 14.24 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 6.60 AC |
| Building Size | 6,098 SF |
| No. Stories | 2 |
| Year Built | 2011 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
| 1+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | R000018742 | Improvements Assessment | $881,291 CAD (2024) |
| Land Assessment | $284,178 CAD (2024) | Total Assessment | $1,165,469 CAD (2024) |
PROPERTY TAXES
Parcel Number
R000018742
Land Assessment
$284,178 CAD (2024)
Improvements Assessment
$881,291 CAD (2024)
Total Assessment
$1,165,469 CAD (2024)
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Cowboy Corner | 8441 County Road 176
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