About 1425 Groesbeck Street
Investor opportunity: Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!
Features of 1425 Groesbeck Street
| MLS® # | 20975651 |
|---|---|
| Price | $700,000 |
| Bedrooms | 9 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 3,580 |
| Acres | 0.91 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1425 Groesbeck Street |
|---|---|
| Subdivision | S6200 SOUTH SIDE ADDITION |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401 |
Amenities
| Utilities | City Sewer, City Water, Concrete, Curbs |
|---|---|
| Parking Spaces | 6 |
| Garages | Driveway, On Street, Parking Pad |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Cable TV Available, Eat-in Kitchen, High Speed Internet Available |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Covered Porch(es), Fire Pit, Storage |
|---|---|
| Lot Description | Few Trees, Lrg. Backyard Grass |
| Roof | Composition, Metal |
| Construction | Siding |
| Foundation | Pillar/Post/Pier |
School Information
| District | Stephenville ISD |
|---|---|
| Elementary | Chamberlai |
| High | Stephenvil |
Financial Information
| HOA | None |
|---|---|
| Tax Unexempt | $10,162 |
Listing Details
| Agent | Eric Hayden |
|---|---|
| Office | Ebby Halliday Realtors |
| Contact Info | (254) 965-7653 |