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1031 S 14th Street, Abilene
Centrally-located duplex built in 1975. Each 2 bedroom, 1 bath unit leases for $600 per month and measures 784 sqft. Separately metered leaves landlord with expenses for lawn care, insurances, maintenance and property taxes. Assuming a 95% occupancy, gross revenues are forecast to be $13,730. Gross expenses are forecast to be $4,255 leaving net income of $9,475 per annum. If purchased at the asking price, this provides an investor a 7.35% cap rate on this property. Property at 1041 S 14th to the west is also for sale, bringing unit count across both properties to five.
- MLS® #14276004
- Full Baths1
- Year Built1975
- Sub-TypeFull Duplex
- UtilitiesMUD Sewer, MUD Water
- Parking Spaces2
- GaragesRear, Shared Carport
- Listing AgentJohn Hill
- Listing OfficeBarnett & Hill
- Address1031 S 14th Street
- AreaABILENE SOUTHEAST (304)
- SubdivisionLedbetter Horton & Hall
- Zip Code79602-3836
- Interior FeaturesOther
- AppliancesDrop-In Range/Oven-Elec, Refrigerator
- HeatingWindow Unit, Space Heater
- # of Stories1
- DistrictAbilene ISD
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Listing information last updated on May 27th, 2020 at 8:15am CDT.