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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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350 Morgan Mill Rd , Stephenville, TX 76401
$1,995,000
Est. Payment: $10,271.13/mo
0 Bed
0 Bath
1260 Sqft
Status: active | Days on site: 151
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

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.

Highlights

Listed by J J HAMPTON , J.J. HAMPTON REALTY , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
4.22

Year Built

1989

County

Erath

Neighborhood

Sims Add

Listing ID

21196003

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Central Air,Electric
Fireplaces:

Exterior Features

Lot:Acreage,Cleared,Interior Lot,3 to < 5 Acres
Zoning:B-2: Retail and Commercial Business District
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Open
Principal Interest
$10,271
Taxes
$33

Home Price

$1,995,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$399,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,271.13

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,271.13 $33.08 $0.00 $10,304.21
Yearly $123,253.52 $397.00 $0.00 $123,650.52
Total $3,697,605.50 $11,910.00 $0.00 $3,709,515.50

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Stephenville, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems