101589 . 8 Home?SFR Abilene TX

For Sale

101589 . 8 Home?SFR Abilene TX, Abilene, TX 79605

This Abilene property for sale is located at 101589 . 8 Home?SFR Abilene TX. The current listed sale price for 101589 . 8 Home?SFR Abilene TX is $1,129,605. 101589 . 8 Home?SFR Abilene TX is situated on a lot that is 1.25 acre in size.

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695

Property Details

  • Property Type Multi-Family
  • Property Size 9,782 SF
  • Units 8
  • Lot Size 1.25 Acre
  • Year Built 1954
  • Date Updated Apr 8, 2024
Nestled in the heart of West Texas, Abilene is a city with a distinctive blend of traditional Texan charm and a forward-looking spirit. With a population of around 125,000 residents, Abilene offers a unique mix of economic opportunities, educational institutions, and cultural attractions. Abilene’s economy is rooted in a diverse range of industries. Historically known for its ties to the cattle industry, the city has expanded its economic base to include manufacturing, healthcare, and education. Abilene is home to major employers such as AbiMar Foods, Hendrick Health System, and Abilene Christian University, contributing to a resilient and multifaceted economic landscape. The city has undergone notable development in recent years. Downtown Abilene has seen a revitalization effort, with the restoration of historic buildings and the creation of attractive public spaces. This renewal has transformed the city center into a hub of activity, featuring local businesses, restaurants, and cultural venues. Investment in infrastructure has enhanced connectivity, making Abilene more accessible and appealing for residents and visitors alike. Abilene boasts a robust educational scene. Abilene Christian University and Hardin-Simmons University are prominent institutions that contribute not only to the academic vibrancy of the city but also to its cultural and community engagement. The Abilene Independent School District oversees the public education system, emphasizing a commitment to quality education for the city’s youth. The city’s educational institutions play a crucial role in shaping a skilled and knowledgeable workforce, aligning with the evolving needs of the job market. Tourism in Abilene is influenced by its rich cultural offerings and historical significance. The Frontier Texas! museum provides a captivating journey into the region’s past, showcasing the spirit of the Old West. The Grace Museum, housed in a historic building, contributes to the city’s cultural landscape with its diverse art exhibitions. Abilene is also known for its commitment to the arts, with events like the Center for Contemporary Arts’ annual “Couture in a Can” challenging perceptions of fashion and art. The recreational aspects of Abilene extend to its natural surroundings. The Abilene State Park provides opportunities for outdoor activities, including hiking and fishing, making it a popular destination for nature enthusiasts. The city hosts events such as the West Texas Fair & Rodeo, drawing visitors from neighboring areas. In conclusion, Abilene, Texas, embodies a harmonious blend of tradition and progress. With a resilient economy, ongoing city development, a commitment to education, and a rich cultural tapestry, Abilene welcomes both residents and visitors to experience the warmth and vitality of this distinctive West Texas city.

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Highlights

  • 8-home Single Family Residential portfolio in Abilene TX
  • The average dwelling spans 1,223 square feet
  • 100% leased to meticulously screened tenants
  • 3 two-bedroom, 3 three-bedroom, and 2 four-bedroom homes
  • Average monthly rent of $1,127
  • Property Management Available
  • The average per-home asking price for this portfolio is $141,201
  • Average market rent in Abilene stands at $1,295
  • Renters Make up 51% of the residents in Abilene
  • Year 1 stabilized NOI is $69,975
  • Year 1 stabilized net cap rate is 6.19%
  • Year 1 stabilized annual gross yield is 11.19%
  • All SVN® Offices Are Independently Owned & Operated
  • Local Broker License Information: www.SFRhub.com/realestatelicensing

Getting around

  • 7/100

    Walk Score ®

  • 26/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Abilene, TX
  • Neighborhood Lytle
  • Zip Code 79605

Points of Interest

  • Abilene and Northern Railway Company Depot

    2.21 miles

  • Alon

    0.86 miles

  • Sunoco

    1.06 miles

  • Alon

    1.06 miles

  • Alon

    1.65 miles

  • Alon

    2.39 miles

  • Exxon

    2.42 miles

  • H-E-B Fuel

    2.45 miles

  • Gascard

    2.49 miles

  • Sam's Club

    2.79 miles

  • Shell

    2.79 miles

  • BBVA Compass Parking

    2.53 miles

  • Abilene High School

    3.50 miles

  • Super 8 by Wyndham Abilene South

    2.11 miles

  • WoodSpring Suites Abilene

    2.19 miles

  • Abilene Inn & Suites

    2.38 miles

  • Abilene Hotel

    2.38 miles

  • Emerald Inn Expo

    2.42 miles

  • Fairfield Inn & Suites Abilene

    2.63 miles

  • Hampton

    2.67 miles

  • Days Inn Abilene

    2.72 miles

  • MCM Elegante Suites-Abilene

    2.79 miles

  • Courtyard Abilene Southwest/Abilene Mall South

    2.83 miles

  • H-E-B

    2.42 miles

  • Sears

    2.54 miles

  • JCPenney

    2.55 miles

  • Mall of Abilene

    2.58 miles

  • United Supermarkets

    2.70 miles

  • Target

    2.76 miles

  • Market Street

    2.78 miles

  • Burlington

    2.96 miles

  • Bealls

    3.09 miles

  • TJ Maxx

    3.11 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695