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4026 S 7th Street

Abilene, TX 79605
  • $2,640,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 20235604
UPDATED: 14 min ago
$2,640,000
  • 0
    BEDS
  • 9.71
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by John Hill of Barnett & Hill: 325-677-3500.

Description

136-unit value add multifamily property in a stable, centrally-located neighborhood. This property needs investors to address windows, HVAC, & interiors which then requires investors to develop a plan for water & electric service to accomdate upgrades to make these apartments marketable. Complex currently at 9% occupancy and those units lease for $0.81 per sf. Average area rents are $1.05 per sf. Full offering memorandum can be seen at tm.barnetthill.com.

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© 2023 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 Madewell Real Estate Company. 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 Madewell Real Estate Company 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 2023-02-02T22:43:05.51.
www.madewellrec.com/homes/135949160
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4026 S 7th Street Abilene, TX 79605

  • Price: $2,640,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 14 min ago
  • MLS #: 20235604
0
Beds
0
Baths
0
½ Baths
9.71
Acres
1950
Built
Neighborhood:
Elmwood West
County:
Taylor
Area:
Abilene
Elementary School:
Bonham
High School:
Abilene
School District:
Abilene ISD
Property Description
136-unit value add multifamily property in a stable, centrally-located neighborhood. This property needs investors to address windows, HVAC, & interiors which then requires investors to develop a plan for water & electric service to accomdate upgrades to make these apartments marketable. Complex currently at 9% occupancy and those units lease for $0.81 per sf. Average area rents are $1.05 per sf. Full offering memorandum can be seen at tm.barnetthill.com.
Exterior Features

Construction Brick Construction Materials Walls 200 Covered Spaces 88 Foundation Pillar/Post/Pier Lot Description Acreage Lot Size Source Assessor Parking Or Garage Covered Pool On Property No Roof Composition

Interior Features

Appliances None Cooling ElectricWindow Unit(S)None Handicap YN No Heating Natural GasWall FurnaceOtherNone Interior Features Other Kitchen Equipment 325-677-3500

Property Features

Building Area Source Assessor Building Area Total 46987.00 Complex Name The Meadows Construction Status Preowned Gross Annual Expenses 161000.00 Gross Annual Income 81000.00 HOA None Insurance Expense 0 List MLSProvider Abilene Association Of Realtors Municipal Utility District No Net Operation Income 0 Possession Closing/Funding Property Type Multi Family Unexempt Taxes 10536 Utilities AlleyMud SewerMud Water Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 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 Madewell Real Estate Company. 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 Madewell Real Estate Company 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 2023-02-02T22:43:05.51.
 
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Madewell Real Estate Company
5124 82nd St
Lubbock TX, 79424
Offered by John Hill of Barnett & Hill: 325-677-3500.