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Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State's continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home's manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you're expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.
| LAST UPDATED | 4/30/2026 | TRACT | College Heights |
|---|---|---|---|
| YEAR BUILT | 1947 | COUNTY | Erath |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range |
| EXTERIOR | Fire Pit, Storage |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Interior Lot |
| PARKING | Driveway |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | College Heights |
| TAXES | 1723 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Eric Hayden, Ebby Halliday Realtors
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: 4/30/26 4:59 PM PDT
This IDX solution is (c) Diverse Solutions 2026.