1705 S 3rd St - Apartments FOR SALE


Abilene, TX 79602- Downtown Abilene
$2,348,025 USD
806-777-4459
1705 S 3rd St, Abilene, TX for Sale
$2,348,025 USD
Apartments - FOR SALE
1/32
null | 8% Cap Rate

1705 S 3rd St
Abilene, TX 79602
Downtown Abilene


HIGHLIGHTS

  • Total of 48 units across the portfolio
  • Mix of layouts: 1-bed/1-bath, 2-bed/1-bath, 3-bed/2-bath, 3-bed/1-bath

OVERVIEW

Aspen Square and Rosemont offer a strong value add opportunity in a growing, underserved market. Built in 1924 and 1960, the 48 unit portfolio features a mix of one, two, and three bedroom layouts. With 15 units down (10 from fire damage at Aspen and 5 from water damage at Rosemont), the portfolio can be acquired at a low basis and repositioned through renovation. This is a chance to stabilize, lease up, and deliver updated market rate housing in an area with strong demand and limited supply, unlocking long term upside for the right investor. To view the financials, follow this link: https://buildout.com/website/1548635-sale

FOR SALE DETAILS

PRICE

$2,348,025 USD

PRICE/SF

$86 USD /SF

# OF UNITS

48

PRICE/UNIT

$48,917

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

56986

ASK ABOUT THIS PROPERTY

Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

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Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.