1031 S 14th Street, Abilene

$128,000

2 Beds
0 Baths
.13 Acres
0 Garages

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.

Essential Information
MLS® #14276004
Price$128,000
Bedrooms2
Bathrooms0.00
Full Baths1
Acres0.13
Year Built1975
TypeMulti-Family
Sub-TypeFull Duplex
StatusActive
Community Information
Address1031 S 14th Street
AreaABILENE SOUTHEAST (304)
SubdivisionLedbetter Horton & Hall
CityAbilene
CountyTaylor
StateTX
Zip Code79602-3836
Amenities
UtilitiesMUD Sewer, MUD Water
Parking Spaces2
GaragesRear, Shared Carport
Interior
Interior FeaturesOther
HeatingWindow Unit, Space Heater
# of Stories1
Stories1
Appliances

Drop-In Range/Oven-Elec, Refrigerator

Exterior
RoofComposition
ConstructionWood
FoundationSlab
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 $129,000 to $128,000
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Listing information last updated on April 4th, 2020 at 10:45pm CDT.