Property
Beds
7
Full Baths
3
1/2 Baths
2
Year Built
1944
Sq.Footage
1,408
multi-tenant investment opportunity with commercial upside, located at the corner of N 1st Street and Victoria Street in Abilene, Texas. Priced at $350,000 and currently generating approximately $3,800 per month in rental income, this three building package offers immediate cash flow with clear value add potential. The first parcel features direct N 1st Street frontage and was formerly operated as a used car dealership, now vacant and ready for a new owner’s vision. The front building offers an ideal footprint for continuing automotive use or repositioning into another commercial or retail concept. At the rear of this structure is an occupied one-bedroom residential unit, providing stable income while you plan your next move for the commercial space. The second parcel, on the neighboring lot, contains two additional income producing buildings. One is a rented three bedroom, one bath single family home with a backyard, appealing to long term residential tenants. The other is a converted detached garage that now includes an upstairs one-bedroom apartment and a finished downstairs area currently used by the tenant as a “man cave,” creating a unique live work or lifestyle rental configuration. With a mix of residential units and a flexible commercial building on a visible corner location, this package is ideal for an investor seeking affordable entry into multi tenant ownership, with room to enhance rents, reconfigure the commercial space, or further improve the existing structures.
Features & Amenities
Interior
-
Other Interior Features
Vaulted Ceiling(s), High Speed Internet
-
Total Bedrooms
7
-
Bathrooms
3
-
1/2 Bathrooms
2
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s), Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Aluminum Siding
-
Parking
Asphalt, Driveway, Garage
-
Patio and Porch Features
Covered
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.299
-
Lot Size(square feet)
13,024
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$350,000
-
Tax Amount
$3,102
-
Sq. Footage
1,408
-
Price/SqFt
$248
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
Eugene Purcell
-
Middle School
Craig
-
High School
Abilene
Property Features
-
Foundation Details
Pillar/Post/Pier, Slab
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
W90
-
Water Source
Public
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Location
County
Taylor
Elementary School
Eugene Purcell
Middle School
Craig
High School
Abilene
Listing Courtesy of Josh Rader , McCullar Properties Group LLC
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AGENT
Joe Boston
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