Listing ID20235604
Price$2,640,000
StatusPending
Acres
9.707
countyTaylor
SubdivisionElmwood West
Year Built1950
Property TypeResidential Income
Property Sub TypeMulti Family
PROPERTY SLATED TO CLOSE 4-17-23 136-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.
county
Taylor
Property Sub Type
Multi Family
Property Type
Residential Income
Subdivision
Elmwood West
Year Built
1950
Appliances
None
Cooling
Electric, Window Unit(s), None
Heating
Natural Gas, Wall Furnace, Other, None
Interior Features
Other
Levels
Two
Construction Materials
Brick
Covered Spaces
88
Foundation Details
Pillar/Post/Pier
Lot Features
Acreage
Lot Size
5 to < 10 Acres
Lot Size Area
9.7073
Lot Size Square Feet
422849.988
Lot Size Units
Acres
Number Of Buildings
22
Number Of Parking Spaces
200
Number Of Units Total
136
Parking Features
Covered
Pool
no
Roof
Composition
Utilities
Alley, MUD Sewer, MUD Water
Association Type
None
Building Area Source
Assessor
Building Area Total
46987
Country
United States
Directions
on S 7th west of Leggett
Elementary School
Bonham
Elementary School Name
Bonham
High School Name
Abilene
Middle School Name
Craig
School District
Abilene ISD
Accessibility Features
no
Complex Name
The Meadows
Dual Variable Compensation
no
Municipal Utility District
no
Property Match
APN
Second Mortgage
no
Smart Home Features
no
Status
Pending
Sub Agency Compensation
1.25
US Property MUI
401718471
Will Subdivide
No
Year Built Details
Preowned
Current Price/Lot Size
271960.27732
Gross Annual Expenses
161000
Gross Annual Income
81000
Possession
Closing/Funding
Tax Block
C
Unexempt Taxes
10536
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