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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $38
Subdivision Ledbetter Horton & Hall
MLS Listing ID 14343143
Sold Date 11/23/20
Bedrooms 5
Full Baths 3
HOA Y/N None
Total Fin. Sqft 2352
Year Built 1928
Annual Tax Amount $583
Lot Size 5,924 Sqft
Acres 0.136
Property Description
Three-unit investment property on busy thoroughfare means your FOR LEASE sign will get high visibility when leasing this centrally-located property. Front house (1041 S 14th St.) leases for $600 per month and is a 1104-sf, 3-bedroom 1-bath house and tenant pays all bills. Rear, two-story, two-unit property (addressed 1417 Sycamore A & B) are each 624-sf, one-bedroom units and lease for $650 each with all bills paid. Assuming a 95% occupancy, gross revenues are forecast to be $21,739. Gross expenses are forecast to be $7,782 leaving net income of $13,956 per annum. If purchased at the asking price, this provides an investor a 9.98% cap rate on this property.
Location
State TX
County Taylor
Direction SYCAMORE & S 14TH NEAR THE DIXIE PIG
Interior
Interior Features Other
Heating Other
Cooling Other, Window Unit(s)
Appliance Other, Refrigerator
Heat Source Other
Exterior
Utilities Available Alley, Asphalt, MUD Sewer, MUD Water
Roof Type Composition
Total Parking Spaces 3
Garage No
Building
Story Two
Foundation Pillar/Post/Pier, Slab
Structure Type Wood
Schools
Elementary Schools Bowie
Middle Schools Madison
High Schools Cooper
School District Abilene Isd
Others
Ownership Smith
Financing Conventional
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Bought with Mitch Barnett • Barnett & Hill
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