130, 132 Clark LN Stephenville, TX 76401
7 Beds
6 Baths
4,850 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,850 sqft
Subdivision The Terraces Of Clark Lane
MLS Listing ID 21416367
Bedrooms 7
Full Baths 4
Half Baths 2
Construction Status New Construction
HOA Fees $150/mo
HOA Y/N Yes
Year Built 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
Exceptional opportunity to acquire an income-producing duplex in The Terraces at Clark Lane in Stephenville, Texas. Built in 2025, this tenant-occupied investment property generates $6,850 in combined monthly rental income, totaling $82,200 in annual gross scheduled rent.
IN-PLACE RENTAL INCOME
130 Clark Lane: $3,350 per month, Unfurnished, Lease expiration: 5-14-2027
132 Clark Lane: $3,500 per month, Furnished, Lease expiration: 7-31-2028
Combined Monthly Rental Income: $6,850
Annual Gross Scheduled Rental Income: $82,200
Annual Net Operating Income: $58,832
Located near Tarleton State University, this property offers investors access to Stephenville's university-oriented rental market, with potential demand from students seeking off-campus housing and university faculty and staff. Its location provides an opportunity to invest in a market supported by the presence of an established university and its surrounding community.
Built in 2025, the property offers approximately 4,350 square feet combined, with each unit featuring an open floor plan, double sinks in all full bathrooms, a fenced back porch, and a two-car garage. Unit 132 is furnished, offering flexibility for furnished rental strategies, while Unit 130 is leased unfurnished.
130 and 132 Clark Lane are being offered together as one investment property and will not be sold separately. Buyers should independently verify lease terms, rental income, operating expenses, and other property-related expenses during due diligence.
Location
State TX
County Erath
Direction Drive east on Washington St from the downtown Stephenville Square, turn left on Clark Lane, property is on the left.
Interior
Interior Features Decorative/Designer Lighting Fixtures, Double Vanity, Kitchen Island, Open Floorplan, Walk-In Closet(s)
Heating Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Carpet, Luxury Vinyl Plank, Tile
Fireplace No
Appliance Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Exterior
Parking Features Door-Multi, Driveway, Garage Faces Front, Garage, Inside Entrance, Paved
Garage Spaces 4.0
Fence Metal
Pool None
Utilities Available Electricity Connected, Sewer Available, Water Available
Water Access Desc Public
Roof Type Composition
Total Parking Spaces 8
Garage Yes
Private Pool No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction Yes
Construction Status New Construction
Schools
Middle Schools Gilbert, Stephenvil
High Schools Stephenvil
School District Stephenville Isd
Others
HOA Name The Terraces HOA Inc
HOA Fee Include Maintenance Grounds
Tax ID R000078601
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21416367
