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… Read More 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. Read Less
Courtesy of McCullar Properties Group LLC, Josh Rader.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
7
Full Baths
3
Partial Baths
2
Lot Size
0.3 Acres
Year Built
1944
MLS Number
21325505
Additional Details
Property Access
Road surface type: Asphalt
Appliances & Equipment
ElectricOven, Microwave, Refrigerator
Building
Built in 1944, Construction materials: AluminumSiding, Levels: Two, 3 buildings, 2, Toal building area: 1408
Community
Sidewalks
Cooling
WallUnits, WallWindowUnits
Expenses
Insurance: $1
Fence
BackYard, Wood
Floors
Carpet, Combination, Hardwood, Laminate
Garage
2 garage spaces
Heating
Electric
Income
Gross income: $45,600, Net operating income: $1
Interior Features
HighSpeedInternet, CableTv, VaultedCeilings
Lot
0.299 acres, 13,024 sqft
Parking
2 covered spaces, 4 total parkings, Asphalt, Driveway, Garage
