Abilene, TX 79602,1041 S 14th Street
$90,000
Est.Price: ?

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5 BD
3 BA
2,352 SqFt

1041 S 14th Street Abilene, TX 79602

Est. payment /mo
SOLD DATE : 11/23/2020

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,352 sqft

Price per Sqft $38

Subdivision Ledbetter Horton & Hall

MLS Listing ID 14343143

Bedrooms 5

Full Baths 3

Year Built 1928

Annual Tax Amount $583

Lot Size 5,924 Sqft

Property Description

Three-unit investment property on busy thoroughfare means your FOR LEASE sign will get high visibility when leasing this centrally-located property. Front house (1041 S 14th St.) leases for $600 per month and is a 1104-sf, 3-bedroom 1-bath house and tenant pays all bills. Rear, two-story, two-unit property (addressed 1417 Sycamore A & B) are each 624-sf, one-bedroom units and lease for $650 each with all bills paid. Assuming a 95% occupancy, gross revenues are forecast to be $21,739. Gross expenses are forecast to be $7,782 leaving net income of $13,956 per annum. If purchased at the asking price, this provides an investor a 9.98% cap rate on this property.

Location

State TX

County Taylor

Interior

Heating Other

Cooling Other, Window Unit(s)

Exterior

Utilities Available Alley, Asphalt, MUD Sewer, MUD Water

Roof Type Composition

Building

Story Two

Foundation Pillar/Post/Pier, Slab

Structure Type Wood

Schools

Elementary Schools Bowie

Middle Schools Madison

High Schools Cooper

School District Abilene Isd

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by John Hill • Barnett & Hill
Bought with Mitch Barnett • Barnett & Hill

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Tasha Bratton

Agent | License ID: 816054

+1(682) 263-3941

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