Stevenson Place
$750,000
526 E North 7th St, Abilene, TX 79601
7,568 sqft
Building Size
0.73 acres
Lot Area
Details:
Highlights:
- 15.8% Effective Market Rent Growth
- 15 minutes from Open AI Stargate I Data Center
- 3 Vacant Lots included
Description:
The Stevenson Place Apartments consist of 16 units, all 2-bed/1-bath, across two buildings. The sale includes three additional vacant lots directly adjacent to the apartments. The apartments underwent renovations and upgrades in 2022, including TPO roofs, vinyl plank flooring, granite countertops, windows, and more. This investment offers the opportunity to acquire at an attractive cost basis with the ability to capitalize on a booming Abilene rental market through traditional rental premiums, furnished mid-term rental conversions, and further development of the vacant lots.
The new 900-acre Stargate AI Data Center investment has contributed to a 15.8% effective rent growth in the Abilene rental market, per ALN Apartment Data. Outside of Stargate, these apartments are located just 1.3 miles south of Abilene Christian University, 2.3 miles south of Hardin-Simmons University, and 1.9 miles south of the Texas Tech University Health Sciences Center. Abilene also has its own regional airport and is home to Dyess Air Force Base. The subject property is located directly across the street from Stevenson Park and splash pad.
Documents:
| Title | ||
|---|---|---|
| Execute_Buildout_CA.pdf | ||
| Execute_Buildout_CA.pdf |
Location
Gallery
