350 MORGAN MILL ROAD, STEPHENVILLE, TX 76401
Homes for sale in Stephenville.
Homes for sale in 76401.
350 Morgan Mill Road
Stephenville, TX 76401
List Price$1,995,000
Listing #21196003
About This Property
Discover an exceptional investment opportunity with Star Lite Mobile Home Park, located on the outskirts of Stephenville, Texas. This established park sits on 4.2+ acres within city limits and features 23 mobile homes, along with a brick home. There are currently 12 occupied units. This provides a solid income base and room for revenue growth. The property also includes six vacant lots, presenting a unique opportunity to expand the park and increase occupancy. Zoned for retail and commercial business, the park offers flexibility for future development. City water and sewer services are in place, ensuring efficient operations. Star Lite's strategic location provides convenient access to Stephenville's amenities while offering a quieter, community-oriented environment. This mobile home park is an ideal investment for those seeking a stable income property with significant potential for expansion, renovations and value appreciation in a growing Texas market.
Property Features
Location Information
County
Erath
Subdivision
Sims Add
Interior Features
Has Fireplace
No
Floors
Other
Heating
Central, Electric
Tenant Pays
All Utilities
Cooling
Central Air, Ceiling Fan(s), Electric
Total Number of Units
24
Exterior Features
Construction
Board & Batten Siding, Brick, Other
Lot Size in Sq. Ft.
183,736
Foundation
Pillar/Post/Pier
Possible Best Use
Other
Roof
Composition
Zoning
B-2: Retail and Commercial Business District
Utilities
Sewer Available, Water Available
Building Total Area (Sq. Ft.)
1,260
Parking Description
Open
Road Description
City Street, Private Road, All Weather Road
Lot Description
Acreage, Cleared, Interior Lot
Is One Story
No
Lot Size in Acres
4.218
Lot Description
Acreage, Cleared, Interior Lot
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
397.0
Property SubType
Business
Documents Available
Aerial
Year Built
1989
Lot Acres Source
Public Records
Similar Listings
Mortgage Calculator
$9,316
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$7,189
Monthly Tax
$1,662
Monthly Insurance
$465
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
J J HAMPTON, J.J. HAMPTON REALTY
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NTREIS - North Texas data last updated at April 29, 2026, 5:56 PM CT
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