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$1,400,000
10.25± Acres
Active
Erath County, TX
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TBD County Road 392, Stephenville, Texas

MLS ID: 20964856
Status: Active
Price: $1,400,000
Acres: 10.25±
Type: Residential
Address: TBD County Road 392
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.21571097, -98.35200442
Parcel Number: R000014828
Year Built: 1985

Description

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.

Directions: From HWY 8 west of Stephenville, turn west on CR 392, and go 2.9 miles. The Property is on the left past CR 383. From FM 219 south of Lingleville, turn east on CR 392 and go .75 mile. The property will be on the right (south side).

Additional Information

Interior

Building Area Total: 20,000
Cooling (Yes/no): Yes
Cooling: Central Air
Flooring: See Remarks
Heating (Yes/no): Yes
Heating: Central

Exterior

Fencing: Cross Fenced, Perimeter
Foundation Details: Combination
Lot Features: Acreage, Agricultural, Hardwood Trees, Pasture, Wooded
Lot Size Area: 10
Lot Size Square Feet: 446,490
Other Structures: Barns, Stables
Parking Features: Common
Parking Total: 30
Roof: Metal
Water Source: Well

Financial/HOA/Schools

Elementary School: Linglevill
Elementary School District: Lingleville ISD
Middle School: Linglevill
Middle School District: Lingleville ISD
High School: Linglevill
High School District: Lingleville ISD
Subdivision Name: Wilson

Extra Information

Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/20964856

Maps

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 26, 2026 at 12:00:00 AM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: May 26, 2026 at 12:00:00 AM UTC

Listed By: Kasey Mock of Keller Williams Brazos West