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942 Cedar Street, Abilene
One location, four properties, 10 units to lease with a cap rate of 11.11%. 926 Cedar (4 units with 1 efficiency & three, 1 bdrm 1 bath units), 934 Cedar (3 units with two, 2 bdrm 1 bath units and one, 3 bdrm 1 bath unit), 942 Cedar (2 units with one, 2 bdrm 1.5 bath unit and one, 2 bdrm 1 bath unit) & 1217 N 10th (a 2 bdrm, 1 bath house). Properties are 6 blocks north of proposed downtown hotel site, 6 blocks south of the Texas Tech Health Science Center. Historical income statements show 95% occupancy during 2017 & 2018. Average rent per square foot for all-bills-paid units: $1.26 per sf. Average rent per square foot for no-bills-paid units: $0.60 per sf.
- MLS® #14014415
- Full Baths10
- Half Baths1
- Year Built1957
- Sub-TypeMultiple Single Units
- StatusActive Option Contract
- UtilitiesAsphalt, City Sewer, City Water, Curbs, Sidewalk, Alley, Master Gas Meter, Master Water Meter, MUD Sewer, MUD Water, Other
- Parking Spaces10
- GaragesCovered, Assigned Spaces, Shared Carport
- FoundationSlab, Piered Beam Slab
- Listing AgentJohn Hill
- Listing OfficeBarnett & Hill
- Address942 Cedar Street
- AreaABILENE NORTHEAST (302)
- SubdivisionOt Abilene
- Zip Code79601-4110
- Interior FeaturesOther
- AppliancesDrop-In Range/Oven-Elec, Range/Oven-Gas, Refrigerator
- HeatingPanel/Floor/Wall, Window Unit
- # of Stories2
- DistrictAbilene ISD
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Listing information last updated on April 22nd, 2019 at 1:15am CDT.