TBD COUNTY ROAD 392, STEPHENVILLE, TX 76401
Homes for sale in Stephenville.
Homes for sale in 76401.
List Price$1,400,000
TBD County Road 392
Stephenville, TX 76401
Listing #20964856
About This Property
This turnkey income producing rental property is now available with a NEW configuration and NEW Pricing to fit more Buyers. As of April, 2026 the property is 100% occupied, with gross rental income of $148,000 per year. The property fronts paved county road 392, just south of Lingleville, west of Stephenville, and North of Dublin Close to Tarleton State University. Highlights of this multi-dimensional property include a 10 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and one RV spot. The mobile homes have been very well cared for, updated and maintained regularly, and recently re-sided with matching sheet metal. Horse facilities consist of 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena.
Property Features
Location Information
County
Erath
Subdivision
Wilson
Interior Features
Interior
Other
Cooling
Central Air
Has Fireplace
No
Floors
See Remarks
Number of Fireplaces
0
Total Number of Units
13
Heating
Central
Exterior Features
Construction
Metal Siding, See Remarks
Lot Description
Acreage, Agricultural, Hardwood Trees, Pasture, Wooded
Foundation
Combination
Lot Size in Acres
10.25
Roof
Metal
Lot Size in Sq. Ft.
446,490
Utilities
Cable Available, Electricity Available, Septic Available, Water Available
Buildings
13
Parking Description
Common
Building Total Area (Sq. Ft.)
20,000
Fencing
Cross Fenced, Perimeter
Is One Story
No
Pool Description
None
Lot Description
Acreage, Agricultural, Hardwood Trees, Pasture, Wooded
Other Structures
Barn(s), Stable(s)
School
Elementary School District
Lingleville ISD
Jr. High School
Linglevill
Elementary School
Linglevill
High School
Linglevill
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Year Built
1985
Similar Listings
Mortgage Calculator
$6,536
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,044
Monthly Tax
$1,166
Monthly Insurance
$326
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
Kasey Mock, Keller Williams Brazos West
© 2026 North Texas Real Estate Information Systems. All rights reserved.
We do not independently verify the currency, completeness, accuracy or authenticity of the data contained herein. The data may be subject to transcription and transmission errors. Accordingly, the data is provided on an "as is, as available" basis only.
NTREIS - North Texas data last updated at May 27, 2026, 4:18 PM CT
Real Estate IDX Powered by iHomefinder