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    1250 Elm Street

    Abilene, TX 79602
    • $475,000
    • STATUS: Active Option Contract
    • ON SITE: 21 days
    • MLS #: 14544347
    Under Contract
    UPDATED: 168 min ago
    $475,000
    • 16
      BEDS
    • 0.52
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1983
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Kay Spiva of Berkshire Hathaway Hs Stovall.

    Description

    SUPER investment opportunity. Two brick buildings-total 8 units. All 2 bdrm, 1 bath. Each approx 800 plus sq ft. Baths have tub & shower combo. Central HVAC. One bldg - built 1983, other - built 1984. Most units have dishwashers. No washer dryer hook ups. Vinyl flooring in units. Some units have carpet in bedrooms. Total electric. Individual water meters. Long time tenants - one for over 11 years. All leases now month to month. Old Laundromat bldg on premises - approx 1500 sq ft. It is not functional at this time. Will need to be renovated or removed. Rental rates have not been adjusted on most units in a long time. Potential for higher rental rates exists.

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    © 2021 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 RE/MAX Pinnacle Group REALTORS. 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 RE/MAX Pinnacle Group REALTORS 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 2021-04-22T23:40:59.57.
    www.daviddevries.com/homes/115689708
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    1250 Elm Street Abilene, TX 79602

    • Price: $475,000
    • Status: Active Option Contract
    • Updated: 168 min ago
    • MLS #: 14544347
    16
    Beds
    8
    Baths
    0
    ½ Baths
    0.52
    Acres
    1983
    Built
    Neighborhood:
    Bellevue Ridge
    County:
    Taylor
    Area:
    Abilene Southeast
    Elementary School:
    Thomas
    Middle School:
    Madison
    High School:
    Cooper
    School District:
    Abilene ISD
    Property Description
    SUPER investment opportunity. Two brick buildings-total 8 units. All 2 bdrm, 1 bath. Each approx 800 plus sq ft. Baths have tub & shower combo. Central HVAC. One bldg - built 1983, other - built 1984. Most units have dishwashers. No washer dryer hook ups. Vinyl flooring in units. Some units have carpet in bedrooms. Total electric. Individual water meters. Long time tenants - one for over 11 years. All leases now month to month. Old Laundromat bldg on premises - approx 1500 sq ft. It is not functional at this time. Will need to be renovated or removed. Rental rates have not been adjusted on most units in a long time. Potential for higher rental rates exists.
    Exterior Features

    Construction Brick Fence Chain LinkWood Foundation Slab Parking Or Garage Common LotOpen Parking Spaces 14 Pool On Property No Roof Composition

    Interior Features

    Fireplaces 0 Flooring CarpetLaminate Handicap YN No Heating Central Air-ElecCentral Heat-Elec Interior Features Other Kitchen Equipment Cooktop - ElectricOven-ElectricRange/Oven-Electric Sq Ft Building 6500

    Property Features

    Building Area Source Tax Buildings 2 Complex Name None Construction Status Preowned Gross Annual Expenses 8394 Gross Annual Income 42000 HOA None Insurance Expense 5000 Municipal Utility District Yes Net Annual Income 23606 Possession Closing/Funding Property Type Mul-Fourplex Proposed Financing CashConventional Special Notes Survey Available Tenancy Month To Month Unexempt Taxes 4996 Unit Count 8 Utilities AsphaltCity SewerCity Water Will Subdivide No

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 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 RE/MAX Pinnacle Group REALTORS. 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 RE/MAX Pinnacle Group REALTORS 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 2021-04-22T23:40:59.57.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14544347-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14544347-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14544347-2.jpg
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    RE/MAX Pinnacle Group REALTORS
    1241 W Green Oaks Blvd
    Arlington TX, 76013
    Offered by Kay Spiva of Berkshire Hathaway Hs Stovall.