101589 . 8 Home?SFR Abilene TX

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

  • For Sale $1,129,605
  • 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

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695

Location

Getting Around

  • Walk Score ®

    7/100 Car-Dependent
  • Bike Score ®

    26/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • 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

  • Subway

    1.08 miles

  • Copper Creek

    1.29 miles

  • Mr. Gatti's

    1.56 miles

  • Skeet's Grill

    1.56 miles

  • Sonic

    1.59 miles

  • Lytle Land & Cattle Company

    1.82 miles

  • Golden Chopsticks

    2.16 miles

  • The Mill

    2.18 miles

  • Alfredo's Mexican Food

    2.20 miles

  • Shipley Do-Nuts

    2.21 miles

  • Abilene State School

    0.27 miles

  • Cisco College

    1.20 miles

  • Thomas Elementary School

    1.26 miles

  • Bowie Elementary School

    1.39 miles

  • Jefferson Center

    1.63 miles

  • South Junior High School

    1.64 miles

  • Locust School

    1.72 miles

  • Cooper High School

    1.73 miles

  • Locust Pre - Kindergaten School

    1.76 miles

  • Travis School

    1.81 miles

Frequently Asked Questions

What is the lease rate for 101589 . 8 Home?SFR Abilene TX?

Rental asking rate at 101589 . 8 Home?SFR Abilene TX is $564,802.50/YR.

What is the total square footage of 101589 . 8 Home?SFR Abilene TX?

101589 . 8 Home?SFR Abilene TX totals 9,782 square feet.

When was this property built?

101589 . 8 Home?SFR Abilene TX was built in 1954.

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Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695