1031 S 14th St

Abilene, TX 79602

About this property

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.

Date Added
February 5, 2020
Listing Status
Active
Days On Site
21
MLS#
14276004

Features and Additional Information

Lot Size
0 SqFt
Acreage
0.00
Property Type
MultiFamily
Style
Sub-Type
Resale
Year
1975
Garage
0
Pool
No
Story(s)
Property View
No
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$128,000 Active
0 Beds
0 Baths
1,568 SQFT

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Brokerage
Richardson
(972) 783-1919
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Area Information

ABILENE SOUTHEAST (304) | Taylor County |

$ 128,000
This listing is play_arrow 40.5% lower than the average in the area
$ 215,250 in the area
1,568 SqFt
This listing is play_arrow 4.4% smaller than the average in the area
1,640 SqFt in the area
$ 82 $/SqFt
This listing is play_arrow 37.8% less than the average in the area
$ 131 $/SqFt in the area
21 days on site
This listing is play_arrow 84.1% below the average in the area
132 days on site in the area

Schools in the Area

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    Elementary School
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