20531 S Farm to Market 4 Lipan, TX 76462
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21209483
Bedrooms 4
Full Baths 3
HOA Y/N None
Total Fin. Sqft 4031
Year Built 2012
Lot Size 3.440 Acres
Acres 3.44
Property Sub-Type Multiple Single Units
Property Description
Discover a rare opportunity on 3.44 well-maintained acres in highly sought-after Santo ISD, just outside the city limits. With multiple homes, guest space, and a large shop, this versatile property is perfectly suited for multi-generational living, rental income, or a home-based business—all in one location. The main home (1,991 sq ft) features 2 bedrooms, 2 bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio—ideal for comfortable everyday living. A second home (840 sq ft) includes 2 bedrooms, 1 bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This space is perfect for long-term rental, short-term rental income, or extended family. The property also includes a charming 144 sq ft cottage, providing additional private space for guests, an office, or another potential rental opportunity. For those needing workspace, the 30×40 foam-insulated shop with a 20×15 office and bathroom creates an excellent setup for a home business, workshop, or additional income venture. Water sources include co-op water for one home and well water for the other, adding convenience and flexibility. Located centrally between Stephenville, Granbury, Mineral Wells, and Gordon, you'll enjoy easy access to shopping, dining, medical facilities, and more while still experiencing peaceful country living. Whether you're looking for a strong income-producing investment, a multi-family setup, or room for a growing family, this property offers endless possibilities.
Location
State TX
County Palo Pinto
Direction From I-20 take US 281 South to FM 4, turn right on FM 4 and property is approximately 2.7 miles on the right. GPS friendly. SOP
Interior
Interior Features Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet Available, In-Law Suite Floorplan, Open Floorplan, Other
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Wall Unit(s)
Flooring Concrete, Laminate
Appliance Dishwasher, Electric Range, Electric Water Heater, Gas Range, Microwave, Plumbed For Gas in Kitchen
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch, Rain Gutters, Outdoor Shower, Private Entrance, RV Hookup, Storage
Fence Cross Fenced, Perimeter, Other
Utilities Available All Weather Road, Co-op Electric, Co-op Water, Electricity Connected, Individual Gas Meter, Individual Water Meter, Outside City Limits, Septic, Well
Roof Type Metal
Total Parking Spaces 4
Garage No
Building
Lot Description Acreage, Agricultural, Hilly, Irregular Lot, Lrg. Backyard Grass, Many Trees, Pasture, Tank/ Pond
Story One
Foundation Slab
Level or Stories One
Structure Type Concrete,Steel Siding
Schools
Elementary Schools Santo
Middle Schools Santo
High Schools Santo
School District Santo Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA
Listing Terms 1031 Exchange, Cash, Conventional, FHA
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21209483
NEARBY SCHOOL & BUSINESS
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