1041 S 14th Street

    Abilene, TX 79602
    • $138,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 14343143
    Price Reduced
    $138,000
    • 5
      BEDS
    • 0.14
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Information

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

    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.

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    © 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 2020-05-25T13:41:34.44.
    www.thegoodhometeam.com/homes/105882098

    1041 S 14th Street Abilene, TX 79602

    • Price: $138,000
    • Status: Active
    • MLS #: 14343143
    5
    Beds
    3
    Baths
    0
    ½ Baths
    0.14
    Acres
    1928
    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
    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.
    Exterior Features

    Construction Wood Foundation Pier & BeamSlab Parking Or Garage Other Parking Spaces 3 Pool On Property No Roof Composition

    Interior Features

    Handicap YN No Heating OtherWindow Unit Interior Features Other Kitchen Equipment OtherRefrigerator Sq Ft Building 2352

    Property Features

    Building Area Source Tax Buildings 2 Complex Name No Name Construction Status Preowned Gross Annual Expenses 7800 Gross Annual Income 22800 HOA None Insurance Expense 1680 Municipal Utility District Yes Net Annual Income 15000 Possession Closing/Funding Property Type Mul-Triplex Unexempt Taxes 583 Utilities AlleyAsphaltMud 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 2020-05-25T13:41:34.44.
     
    The Good Home Team
    7965 Custer Rd, Ste 125
    Plano TX, 75025
    Offered by John Hill of Barnett & Hill.