Listing ID20235604
Sold ForN/A
StatusClosed
Sold Date4/27/2023
Acres
9.707
countyTaylor
SubdivisionElmwood West
Year Built1950
Property TypeResidential Income
Property Sub TypeMulti Family
Listing Agent
John Hill
Title:
Broker
Email: Contact This Broker
Address:
3409 S 14th St Suite 209
City:
Abilene
State/Province:
Texas
Zipcode:
79605
Cell Phone: 325-721-4428
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
Closed
Sub Agency Compensation
1.25
Third Party Assistance Program
no
US Property MUI
401718471
Will Subdivide
No
Year Built Details
Preowned
Buyer Financing
Cash
Close Price/Lot Size Acre
206030.51312
Current Price/Lot Size
206030.51312
Gross Annual Expenses
161000
Gross Annual Income
81000
Possession
Closing/Funding
Tax Block
C
Unexempt Taxes
10536
© 2024 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumers personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The offer is made only to Participants of the MLS where the listing is filed. Data last updated: Thursday, March 28th, 2024 at 05:42:42 PM.
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