$128,000

1031 S 14th St

Abilene TX, 79602

Description

Centrally-located duplex built in 1975. Each 2 bedroom, 1 bath unit leases for $600 per month and measures 784 sqft. Separately metered leaves landlord with expenses for lawn care, insurances, maintenance and property taxes. Assuming a 95% occupancy, gross revenues are forecast to be $13,730. Gross expenses are forecast to be $4,255 leaving net income of $9,475 per annum. If purchased at the asking price, this provides an investor a 7.35% cap rate on this property. Property at 1041 S 14th to the west is also for sale, bringing unit count across both properties to five.

Details

MLS#14276004
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1975
Days On Site14

Features

SQ Feet1,568
Units2
Building(s)1

Market Activity 79602

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Area Information

StateTX
CountyTaylor
CityAbilene
Zip Code79602
AreaABILENE SOUTHEAST (304)
Listing VS Median (in 79602)
Price:
$128,000
low | high
Med:
$214,240
17.375% of Average
SqFt:
1,568
low | high
Med:
1,648
44.897959183673% of Average
$ / SqFt:
$82
low | high
Med:
$130
9.25% of Average
On Site:
14
low | high
Med:
55
25.454545454545% of Average
Listing Updated: 02/18/2020
MLS Number: 14276004
Listing Provided By:
John Hill  of  Barnett Hill

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.