Abilene Two Pack

Description:

The Go-Getters Multifamily Team is pleased to present the exclusive offerings of 1825 S 14th St and 1725 State St, unique, value-add opportunities in Abilene, Texas. Constructed in 1937 and 1926, respectively, the properties consist of 6 units each, averaging 683 and 602 square feet. 1825 S 14th St offers four studios and two one-bedroom floorplans, while 1725 State St offers two studios and four one-bedroom floorplans. Both properties are currently 100% occupied, with occupancy rates of 91% in the Abilene market (ALN). Effective rent growth for Abilene is at 4.6% year-over-year (ALN).


1825 S 14th St:
Situated five minutes from Downtown Abilene, this property is surrounded by a mix of residential and commercial establishments. This location benefits from easy access to shopping centers, restaurants, and entertainment options. Residents can enjoy the convenience of nearby grocery stores, pharmacies, and other essential services within walking distance.

1725 State St:
Located in Cobb Park, near Downtown Abilene, 1725 State St is situated within 10 miles from several top employers of Abilene such as, Hardin-Simmons University, Abilene Christian University, Abilene Regional, and Dyess Air Force Station.



Fully renovated property (1725 State St.)
Average Cash on Cash Return of 7% Year 1 (1725 State Street)
Offered below apprasised value by more than $100,000 (1825 S 14th St)
Average Cash on Cash Return of 6% Year 1 (1825 S 14th St)
Seller Financing Available (Both Properties) 

Documents: