Return to Previous Page

    1031 S 14th Street

    Abilene, TX 79602
    • $99,000
    • STATUS: Active
    • ON SITE: 121 days
    • MLS #: 14276004
    Price Reduced
    UPDATED: 224 min ago
    $99,000
    • 2
      BEDS
    • 0.13
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by John Hill of Barnett & Hill.

    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.

    Monthly Payment Calculator



    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Good Home Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Good Home Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-06-05T23:40:55.773.
    www.thegoodhometeam.com/homes/102962592

    1031 S 14th Street Abilene, TX 79602

    • Price: $99,000
    • Status: Active
    • Updated: 224 min ago
    • MLS #: 14276004
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.13
    Acres
    1975
    Built
    Neighborhood:
    Ledbetter Horton & Hall
    County:
    Taylor
    Area:
    Abilene Southeast
    Elementary School:
    Bowie
    Middle School:
    Madison
    High School:
    Cooper
    School District:
    Abilene ISD
    Property 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.
    Exterior Features

    Construction Wood Foundation Slab Parking Or Garage RearShared Carport Parking Spaces 2 Pool On Property No Roof Composition

    Interior Features

    Handicap YN No Heating Space HeaterWindow Unit Interior Features Other Kitchen Equipment Range/Oven-ElectricRefrigerator Sq Ft Building 1568

    Property Features

    Accessory Unit No Building Area Source Tax Buildings 1 Complex Name 1031 S 14th Construction Status Preowned Gross Annual Expenses 4250 Gross Annual Income 14400 HOA None Insurance Expense 1290 Municipal Utility District Yes Net Annual Income 10150 Occupancy Rate 100 Possession Closing/Funding Property Type Mul-Full Duplex Unexempt Taxes 964 Unit Count 0 Utilities Mud SewerMud Water Will Subdivide No

    Listing information © 2020 North Texas Real Estate Information System.


    © 2020 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Good Home Team. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than The Good Home Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2020-06-05T23:40:55.773.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14276004-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14276004-2.jpg
    Logo
    The Good Home Team
    7965 Custer Rd, Ste 125
    Plano TX, 75025
    Offered by John Hill of Barnett & Hill.