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  • Price$320,000
  • Beds16
  • Acres0.14
  • Built1957

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.

Essential Information

  • MLS® #14014415
  • Price$320,000
  • Bedrooms16
  • Bathrooms0.00
  • Full Baths10
  • Half Baths1
  • Acres0.14
  • Year Built1957
  • TypeMulti-Family
  • Sub-TypeMultiple Single Units
  • StatusActive Option Contract

Amenities

  • 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

Exterior

  • RoofComposition
  • ConstructionWood
  • FoundationSlab, Piered Beam Slab

Listing Details

  • Listing AgentJohn Hill
  • Listing OfficeBarnett & Hill

Community Information

  • Address942 Cedar Street
  • AreaABILENE NORTHEAST (302)
  • SubdivisionOt Abilene
  • CityAbilene
  • CountyTaylor
  • StateTX
  • Zip Code79601-4110

Interior

  • Interior FeaturesOther
  • AppliancesDrop-In Range/Oven-Elec, Range/Oven-Gas, Refrigerator
  • HeatingPanel/Floor/Wall, Window Unit
  • # of Stories2
  • Stories2

School Information

  • DistrictAbilene ISD
  • ElementaryJohnston
  • MiddleCraig
  • HighAbilene
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Listing information last updated on April 22nd, 2019 at 1:15am CDT.