1041 S 14th Street, Abilene

$139,000

5 Beds
0 Baths
0 Sqft
.14 Acres
0 Garages

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.

Essential Information
MLS® #14262781
Price$139,000
Bedrooms5
Bathrooms0.00
Full Baths3
Acres0.14
Year Built1928
TypeMulti-Family
Sub-TypeTriplex
StatusActive
Community Information
Address1041 S 14th Street
AreaABILENE SOUTHEAST (304)
SubdivisionLedbetter Horton & Hall
CityAbilene
CountyTaylor
StateTX
Zip Code79602-3836
Amenities
Parking Spaces3
GaragesOther
Utilities

Alley, MUD Sewer, MUD Water, Asphalt

Interior
Interior FeaturesOther
AppliancesOther, Refrigerator
HeatingOther, Window Unit
# of Stories2
Stories2
Exterior
RoofComposition
ConstructionWood
FoundationSlab, Pier & Beam
School Information
DistrictAbilene ISD
ElementaryBowie
MiddleMadison
HighCooper
Listing Details
AgentJohn Hill
OfficeBarnett & Hill
Property History
Status Changed from Active Option Contract to Active
Status Changed from Active to Active Option Contract
Price Reduced from $139,900 to $139,000
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Listing information last updated on April 4th, 2020 at 2:00pm CDT.

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