860 Long StStephenville, TX 76401

This exceptional investment opportunity presents a 1.68-acre multifamily lot (R3 zoning) in Stephenville, Texas, at 860 W Long, zip code 76401. The property boasts a prime central location, close to Tarleton State University (TSU), the city park, downtown, and shopping areas. The land offers significant development potential, with a large existing home that can be rented to offset costs, or removed to maximize development opportunities. The property's location is further enhanced by its proximity to a new apartment complex under construction. Recent street improvements include new sidewalks. The land value is $8.19 per square foot. The asking price for this 1.68-acre parcel is $599,000. The existing home has undergone updates. Potential exists for additional acreage providing access to a second street, expanding development possibilities. This property presents a unique chance to enter the multifamily housing market with an existing income stream. The APN is R000029717. This is an owner/user investment opportunity.